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Chapter IV. The World Overseas

Published online by Cambridge University Press:  26 March 2020

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Extract

The year 1965 was on the whole again a good year for world production, with the real gross national product in industrial countries rising by just over 4½ per cent (table 54 below). The overall rate of expansion was slightly lower than in 1964, because although growth in North America was faster than in 1964, it was balanced by the slowing down in Japan and most European countries, notably the United Kingdom, France and Germany.

Type
The Economic Situation: Annual Review
Information
National Institute Economic Review , Volume 35 , February 1966 , pp. 50 - 84
Copyright
Copyright © 1966 National Institute of Economic and Social Research

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References

Notes

note (1) page 59 First National City Bank of New York, Monthly Economic Letter, January 1966.

note (1) page 63 Annual Report of the Council of Economic Advisers, 1966.

note (2) page 63 The average number in the armed forces was actually less in 1965 than 1964, though there was a considerable build up after August.

note (1) page 66 Cf. Economic Review No. 33, p. 33.

note (1) page 67 Excluding the loss due to payment of an additional subscription to IMF.

note (1) page 76 See Appendix I. World Commodity Prices.

note (1) page 82 See W. A. H. Godley and C. Gillion, ‘Measuring National Product’, National Institute Economic Review No. 27, February 1964, page 61.

note (1) page 84 For a discussion of methods of calculating imputed rent, see National Income and Expenditure, 1965, page 95.