SPEECH TO 117/IRED AFETAL MESNIEG
HKK
040/15
De
Ι
warm thanks to President Chun Bas Bus
Τη
suple of che Republic of Korea for the vervfono
nave received in Seoul, for the opportunity Bany of us bere land to See for the first time this increasingly prosperous country,- and for the excellent arrangements made for our annual meetings.
We always ove a great debt to the Managing Director of the and the President of the World Bank, but I should, on this occasion
in particular like to place 03 record great contribution that has been made by Mr Clausen during such a critical period for the Bank.
I should also like, at the outset, to
extending a very warm welcome to Tonga
Fund.
פס
appreciation of
join my colleagues
a
I speak today in place
place of the United Kingdom Governor for.
Fund, Mr. Nigel Lawson, Be has asked
to convey
to
Mr Chairman, to his fellow Governors and to the Heads cF
institutions whose annual meeting this is, his regret at
unable to be present today, because the date of the w
being rather later than usual, unfortunately clashes ui annual Conference of the Government Party.
After commenting briefly on the worlá economic outlook....
to concentrate on the main risks to the continuation of the.
healthy recovery in the world and to the further progress. individual economies. Those main risks are: the growing. of protectionism, and the danger of mismanagement of debt.
The World Economy I
economy
as
•
Although experience in individual countries vas uneven,
a whole in 1984 showed remarkable strengtâ.
seven najor industrial countries together was
The volume of such trade rose almost 9 per cent andă.
32 SECO countries
!.
the
12 rose
cent. per
Wis rapid
113)
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