Publisher's Synopsis
Excerpt from World Agriculture Situation and Outlook Report, Vol. 52: October 1988
Forecast economic growth in the United States in 1988 has been raised to 4 percent, partially because of a surge in exports. Recently, import growth has slowed somewhat, further reducing the us. Trade deficit. While the United States has lowered its budget deficit, it still remains large. The us. Economic growth rate in 1989 is expected to slow.
Europe also shows an improved forecast for 1988, with expectations for -percent growth (up percent). But 1989 expectations remain at percent. Expectations f or 1989 are guided by the belief that Germany will narrow its fiscal deficit.
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