TITLE

Weak World Recovery

PUB. DATE
August 1975
SOURCE
Time;8/11/1975, Vol. 106 Issue 6, p56
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the global recovery from recession. It says that West German Chancellor Helmut Schmidt convinced U.S. to avoid restrictive actions such as increasing interest rates which could lessen the chances for recovery. It mentions that French President Valéry Giscard d'Estaing told U.S. President Gerald Ford that monetary reform for fixed exchange rates of currencies is needed to return economic development. Moreover, Organization for Economic Cooperation and Development says that global unemployment will not start to decrease until mid-1976 while inflation will by 8.5% in Japan and 8% in Canada in 1976.
ACCESSION #
53515641

 

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