Word: lennep
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...iron ore, copper, fibers, foodstuffs and other non-oil commodities contributed more than anything else to the devastating double-digit inflation of 1973-74. Commodity prices plummeted during the recent world recession, but now they are bouncing up again more rapidly than had been generally anticipated. Emile van Lennep, secretary-general of the Paris-based Organization for Economic Cooperation and Development, warns in cautious economist's jargon that "the surprisingly early recovery of some commodity prices could presage a new outbreak of speculative price rises and pose a serious threat to the sustainability of the present economic recovery...
...most nations except for the U.S. and, to a lesser extent, Japan. Economists generally do not expect any real upturn in European business until mid-1976-and they worry that even then the recovery may be so weak that, in the words of OECD Secretary-General Emile van Lennep, "it would not gather momentum and might peter out." One reason: the recession has pushed the volume of world trade 10% below the 1974 level, the first decline since World War II. The drop has a vicious-circle effect: as each country's economy sags, imports are reduced...
...Lennep Plan is similar to the Kissinger safety net, except that loans would be guaranteed by the 24-nation Organization for Economic Cooperation and Development, of which Emile van Lennep is secretary-general...