Uncertainty deepens as world economies stumble to recovery

Article Abstract:

The Organisation for Economic Co-operation and Development (OECD) forecast a worldwide economic revival in 1992. Growth is expected to improve in the UK, US and Germany and to remain steady in Japan. Many factors make recovery unlikely however. The US economy, despite interest rate cuts, was still in recession at the end of 1991. Japan, with slowing growth and increased spending, is unlikely to improve the world economy in 1992. Neither is Germany as the cost of unification slows its economy.

Europe, Japan, Germany, Forecasts and trends, United States economic conditions, International economic relations

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Pound'sfall may help to end recession

Article Abstract:

The Treasury's computer model of Britain's economy predicts that the lower value of the pound sterling could ease the recession temporarily but create higher inflation in the long run. Growth in exports bring greater profits but imports become more expensive, so workers demand larger wage increases. Independent economic forecasting group ITEM Club predict that a quick return to ERM would lead to investors wanting a risk premium and a rise in interest rates.

Software, Prices and rates, Pound (United Kingdom), Recessions, United Kingdom. Treasury

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