A dip in GNP seen for West Germany
In its survey of the West German economy, the Organization for Economic Cooperation and Development forecast that gross national product would decline 1 .5 percent this year after growth of 1.8 percent in 1980, but would swing back to growth of 2 percent next year. Despite this, unemployment, which in 1980 stood at 3.5 percent, will likely rise to 4.75 percent this year and 5.75 percent in 1982.Skip to next paragraph
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The OECD said the labor force is growing, and the return to growth will likely be accompanied by increased productivity, thus creating fe wer new jobs than might be expected.