text: 3^T T ! -J O o 5 'r-l derF qE 8 ;EH"' Hi E Hjii t? E ii:6 ,-6 ! ^^ 'o '{EC i,r fr ;; tr8; gE s qqg frE3s 3g fl =s* Hg;E i€ E ts!" iEII iE E LH.# g!ds 3! J rIEE 3! Pfrt5Oo o() EEEtaeu&IHETA/\o/5L9 EnAlish Page lr8 "1 .1 .{ ..4o luA/ 40 /5L9 Eng1i sh Page 49 Northern Ireland, have registered a slzeable currenE account surplus. (Japan' in particurar, recorded a surplus of $36.4 billioh tn 1984 compared t'ith $8'8 billion in 1982 antl $22.2 blllion in 1983.) The favourable current account balance of these economies ls expected to contlnue as long as the Unlted States alollar remalns strong vis-i-vls their cur rencies. 101. The value of imports by developed countries ls Projected to grow at an average annual rate of 7.8 per lent during the period 19S5-1990 (4.I Per cent in volume and 3.? per cent in price). the projecteat grosth rate of volune of imports by tleveloped countries (4.1 Per cent) ls rather moderate compared nith the annual rate of 5.5 per cent during the 1970s. which ls inconsistent vfith the projected slower rate of economic growth of these economles than in the earlier decade. Considering the still high rate of unecrployment ln these economies, various intensified trade deterrenEs are likely to remain unabated and to restrain thelr imports for a while. Imports by the united sEates, which played a Locomotive role for the world trade expangion in 1984, are likely to slon down ln the near term before tbey begin to recover moderately in 1987 following the expected global economic cycl-e a3 envisaged in the baseline. 102. Unaler the baseline scenarlo, the current account deficit of the non-oil exporting developing countries i6 projected to be $72.6 billlon per year on the average ior the period IggS-I990. The improvement of the current account deflcit
analysis: The text appears to be discussing economic data and trends, specifically focusing on the current account balance of developed and developing countries, trade patterns, and projections for economic growth. The language used is technical and formal, suggesting a professional or academic context.