1985 Turning Point for World's Economy? - Michael A Snyder - February-March 1985

Michael A Snyder

What does this decisive year hold? Read here the surprising answers! The western industrialized Nations are coming off 1984 from a welcome year of moderate to amazing economic growth. But what will 1985 bring? These nations have ridden out an 18-month upward cycle since the deep recession. Some economists now look for economic downturn. Others expect 1985 to continue economic growth, though not at the explosive levels in the Gross National Product (GNP) seen in 1984. Why conflicting predictions? Because economists and financiers do not understand the real causes of today's financial troubles. They are looking to material explanations only-and often to the wrong material sources for their decision making. - Information Supplied By: Herbert W Armstrong Library