THE WORLD BUSINESS CYCLE, ENERGY AND THE FUTURE
The paper provides a general background discussion of prospects for world output and trade in the 1980's as follows: Section (1) examines the underlying trends of output and trade and provides several explanations for the general slowdown in the world economy. Section (2) discusses energy trends; the impact rising oil prices and diminishing energy supplies will have on world trade and shipping demand. Section (3) describes the short-run behavior of the world economy and how well one can explain year by year fluctuations in output and trade. The author concludes with a forecast of trade developments in the 1980's and how they are likely to affect merchant shipping. Highlighting the forecast are a number of charts illustrating world output, trade, petroleum production, energy consumption and shipping demand.
- Paper presented at Commodities on Bulk Shipping in the 80's, a Lloyd's of London Press Conference, the London Press Center, 13/14 December 1979.
Lloyd's of London Press LimitedSheepen Road
Colchester, Essex CO3 3LP, England
- Budd, A
- Publication Date: 1980
- Pagination: 9 p.
- TRT Terms: Economic analysis; Economic forecasting; Economics; Energy resources; International trade; Petroleum industry; Shipping; Trade; Trend (Statistics)
- Uncontrolled Terms: Energy sources
- Old TRIS Terms: Petroleum economics; Shipping economics; Shipping trends; Trade development; Trade forecasts
- Subject Areas: Economics; Energy; Marine Transportation;
- Accession Number: 00316332
- Record Type: Publication
- Report/Paper Numbers: Conf Paper
- Files: TRIS
- Created Date: Oct 8 1980 12:00AM