text: summarizes the proposals raised in them, A selective Iist of the documents consuLt.ed in preparing the report is given in the annex. II, POITICY ISSUES FOR THE WORLD ECONOMY IN THE MID-1980S A. Key challenges and policy issues: national and international d i mens ions 9. A revieU of the pdst 10 years, logether with an attempt to look ahead to the 1990s based on available projections and new policy percept.ions, indicate thaC the economic challenges facing the international community have not been so great in 40 years, nor the prospeces so uncertain for so many countries, as is now thecase. Hottever, the achievements of internaei.onal co-operation during the last four decades are evidence of the capacity to face such challenges if the international community unites to do so, 10. The consultations have revealed eidely shared concern about both short- and lonq-term growth prospects. The intensity and the internationaL propagation of thecyclical economic recovery of the United States of America, which began at the endof 1982 and qathered strength in 1984, provided a significant boost to exports and incomes in many parts of the world and made for a more posi.tive assessment of the immediate prospects. In 1985, however, the United States economy is slowing down, and this sloe-down is not offset by an acceleration of growth elserrhere in the world economy. 11. Many uncertainties prevail trith regard to tbe sustainabitity and wider international propagation of groldth during the remainder of the decade. Inaddition, the firs! half of the 1980s has been marked by a major shi.ft in policy perceptlons and economic philosophies which poses fundanental gueslions for future international econonic co-operation for development.A/ 40 /708 Eng 1i sh Paqe 5 L2. Projections for the remainder of the decade nade by internacional organizat.ions, including the United Nations, show rates of growth of output for
analysis: The text appears to be a report discussing the current state and future prospects of the world economy, highlighting key challenges, policy issues, and growth projections. It mentions international cooperation, economic recovery, and shifts in policy perceptions, which suggests a focus on global economic development and its implications.