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dc.contributor.authorEU Commission
dc.descriptionC 156 Volume 21 July 1978
dc.description.abstract1977 saw a slowdown in the expansion of worldeconomic activity. All the major industrialized countrieswere affected, although to differing degrees, and inter-national trade suffered as a result: from one year toanother their rate of growth by volume diminished byalmost half. Balance of payments disequilibria persistedbut unequally: the deficit of the non-oil-producing de-veloping countries diminished, as did the OPEC sur-plus; the deficit of the Community was also greatlyreduced. On the other hand, a new disequilibriumnamely a considerable worsening of the US deficitmade itself increasingly felt in the course of the year.
dc.publisherOffice for Official Publications of the European Communities
dc.subjectMonetary Policy and Developments
dc.subjectEconomic Affairs
dc.titleNineteenth Report on the Activities of the Monetary Committee.
dc.typeEU Other

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