Warning
The United States must act urgently to correct imbalances in its economy if indutrial nations are to continue steady growth, the Organisation for Economic Co-operation and Development has said. The O.E.C.D. said the United States economic recovery, while distinctly slower than 1983 and 1984 levels, would continue with annual growth of 2% to 3 per cent over the next 18 months and a low risk of renewed inflation or further unemployment. The review said the large current account and federal budget deficits, as well as the weakness of United States exports and the possibility of higher interest rates if the dollar fell sharply, have all created important imbalances.
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Press, 10 February 1986, Page 32
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109Warning Press, 10 February 1986, Page 32
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