General assessment

Quarterly Bulletin 1984 Q4
Published on 01 December 1984

The pace of world recovery this year has until recently exceeded expectations, and financial markets have again proved volatile. Publication of figures indicating a slowdown in US growth in the third quarter was followed by a reduction in US interest rates. A number of possible future developments are discussed as background to the evolving financial conditions at home, together with their implications for the real economy.

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