1887

Yearbook of the United Nations 1987

image of Yearbook of the United Nations 1987

The principal reference work of the United Nations providing a comprehensive, one-volume account of the Organization’s work along with information on the work of each specialized agency in the United Nations’ family.

English

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International Monetary Fund (IMF)

The world economy in 1987 was characterized by continued expansion in output and trade. Real economic growth in industrial countries was more than 3 per cent—somewhat faster than in 1986. At the same time, inflation remained low and external imbalances among the major industrial countries began to diminish. In developing countries, economic developments were more mixed: while many benefited from vigorous export expansion and higher primary commodity prices, others continued to suffer from low or declining growth, high inflation, and high debt-service burdens. The average growth rate in developing countries fell from 4.2 per cent in 1986 to 3.4 per cent in 1987. The economic and financial difficulties of most heavily indebted middle-income countries, lowincome countries of sub-Saharan Africa and some fuel-exporting countries were particularly severe.

English

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