Ongoing lag in world economic growth?
World economic growth is likely to be considerably slower in the 1980s and beyond than it was in the decades after World War II. Shifts in world demand and production, high inflation, stunted productivity growth, and energy problems will place growing strains on the world economy.
This analysis emerges from a new Conference Board chart study prepared for the International Industrial Conference, being held in San Francisco this week.
Other findings in the report show that energy prices will continue to rise and non-US multinationals will continue to make inroads on the US-based giants.