ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Women-Breaking the Ice

 context by any standards: a fall in the rate of growth of world output, continuing deep structural and trade imbalances between the major capitalist powers, the looming threat of a three-cornered trade war with the US, Japan and the EEC as antagonists, and the breakdown of negotiations of financial institutions with the major debtors, Brazil and Mexico among others. And the IMF's annual survey, "World Economic Outlook", released around the same time, prognosticated an even more depressing scenario. The IMF has forecast that, without major policy changes in the developed capitalist countries, the trade imbalances will continue into the 1990s, leading to increased downward pressure on the dollar and further weakening of world output growth. The rate of growth of output in the major industrialised capitalist countries (the Group of 7) is unlikely to rise about 3 per cent even after 1988.

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