rateofinflation inthedeveloped marketcountries. TheLINKprojections indicate anaverage inflation rateofonly4.6percentforthisgroupofcountries overthe period 1985-1990, withalowrateforNOrthAmerica (4.3percent)andJapan (2.3percent), andasomewhat higherrateformajordeveloped marketeconomies in Western Europe (4.9percent). 93.Thedeveloping countries asagroup, evenwiththeexisting andexpected unfavourable external environment (monetary, fiscal, tradeandaidpolicies ofthe developed countries), areprojected togrowfaster.inthesecondhalfofthe decade, atabout3.6percentin1985,3.5percentin1986,reflecting inpartthe impactofthe"growth recession" ofDEeDcountries inthatyear,andareturnto 4.3percentgrowthin1987. Fortheyears1985-1990 asaWhole,theaverage growthrateforthedeveloping countries isprojected at4.3percentayear,which isevenbelowtheunsatisfactory performance of5.0percentforthelatterhalfof the1970sandthe6.0percentgrowthperformance ofthe1960s. Projected growth ratesdifferconsiderably amongvarious groupsofdeveloping countries (table17), andamongthemajordeveloping regions (table15).Baseline projections ofgrowth inGDPbyeconomic activity andbytypeofexpenditure fortheworld's maincountry groupsaregivenintables16and17fortheperiod 1985-1990. I ...A/40/5l9 English Page42 Table16.Baseline projections: growthofgrossdomestic product byeconomic activity (Average annualpercentage change, 1985-1990) Industry GDPAgricultureofwhich Total Manufacturing Services World World(excluding centrally planned economies) Developed market economies USSRandEastern European countries China Developing countries Oil-exporting Oil-importing Newlyindustrializing countries Otheroil-importing3.5 3.4 2.9 4.0 6.4 4.3 3.9 4.6 5.6 4.22.8 2.3 L6 L6 5.0 2.7 3.5 2.7 3.1 2.63.8 3.5 2.7 4.0 6.4 5.2 4.6 6.0 7.8 5.03.4 3.4 2.6 ... 5.6 4.4 6.4 7.6 5.63.9 3.6 3.4 5.3 10.3 4.0 3.4 4.6 4.9 4.5 Source: Department ofInternational Economic andSocialAffairs oftheUnited Nations Secretariat, basedmainly onprojections fromProject LINKandtheFugi ModeL I ...A/40/519 English page43 Table17.Baseline projections: growthofgrossdomestic product, private consumption, government consumption, investment, exports andimports (Average annualpercentage change, 1985-1990) Private Government GDPconsumption consumption Investment Exports Imports World 3.5 3.5 2.2 5.2 4.7 4.6 World(excluding centrally planned economies) 3.4 3.5 1.7 4.8 4.5 4.5 Developed market economies 2.9 3.0 1.4 4.1 4.4 4.1 USSRandEastern European countries 4.0 3.3 5.8 5.2 5.7 5.4 China 6.4 4.6 7.9 8.2 6.9 6.0 Developing countries 4.3 4.3 3.7 5.9 4.6 5.5 Oil-exporting 3.9 4.6 2.6 5.6 2.9 5•.7 Oil-importing 4.6 4.3 4.4 6.2 5.5 5.4 Newly industrializing countries 5.6 4.5 6.8 7.6 6.1 5.9 Other oil-importing 4.2 4.2 3.4 5.6 5.0 5.1 Source: Department ofInternational Economic andSocialAffairs oftheUnited Nations Secretariat, basedmainlyonprojections fromproject LINKandtheFugi Model. 94.Thedeveloping countries ofAfricaareprojected toregister alowGDPgrowth rateofonly3.3percentayearinthesecondhalfofthedecade, ·whichis marginally abovethepopulation growthrateof2.8percentIthisinsharpcontrast tothegrowthrateof4.4percentinthesecondhalfofthe1970sand6.1percent
**Analysis**
The text appears to be discussing economic trends and projections for various regions and country groups, including GDP growth rates, inflation rates, and consumption patterns. It also touches on the differences in growth rates among developing countries, including those in Africa. Given the focus on economic indicators and projections, it is likely that the text is related to economic development and international trade.

**Category**
Economic development, International trade