WORLD ECONOMY- BIS Disowns Reaganomics


WORLD ECONOMY BIS Disowns Reaganomics (By a Special Correspondent) THE much-awaited economic upswing continues to elude the Western world. In most of these countries unemployment levels have reached new peaks. Unless recovery materialises soon, unemployment levels will rise further, and fast, in view of the rapid introduction of labour-saving technology in a number of major industries,' such as automobiles.