Author Description

THE ECONOMIC OUTLOOK AND THE PROBLEM OF OIL THE OIL SITUATION DOMESTIC PROSPECTS -Demand and Output -Inflation -Monetary Policy at this Stage of the Business Cycle INTERNATIONAL TRENDS AND PROSPECTS -Foreign Trade and Invisible Transactions -Current Balances -International Monetary Developments DEVELOPMENTS IN MAJOR COUNTRIES -France -Germany -Italy -United Kingdom -United States -Canada -Japan SPECIAL SECTION -The Role of Commodity Prices in the Present Inflation TECHNICAL ANNEX -Supporting Notes and Tables -Sources and Methods.