ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Economic Prospects for the Third World

Juanary 7 1984 Economic Prospects for the Third World Robert Wade THE international economic; forecasting agencies do not often find themselves in agreement about what the future wilt bring. So it is all the more alarming that the IMF, World Bank, OECD and UNCTAD find themselves in substan tial agreement that the economic prospects for the Third World over the next few years are distinctly gloomy., While they have recently revised their forecasts for the western industrial economies slightly upwards, the forecasts for the Third World have been moved downwards. Disparities m. growth rates between industrial and. developing countries are now thought likely to be greater than expected and the beginning of this year, as developing countries are forced to make bigger cuts in incomes and imports in order to make net repayments on foreign loans.

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