Picture of boy being examining by doctor at a tuberculosis sanatorium

Understanding our future through Open Access research about our past...

Strathprints makes available scholarly Open Access content by researchers in the Centre for the Social History of Health & Healthcare (CSHHH), based within the School of Humanities, and considered Scotland's leading centre for the history of health and medicine.

Research at CSHHH explores the modern world since 1800 in locations as diverse as the UK, Asia, Africa, North America, and Europe. Areas of specialism include contraception and sexuality; family health and medical services; occupational health and medicine; disability; the history of psychiatry; conflict and warfare; and, drugs, pharmaceuticals and intoxicants.

Explore the Open Access research of the Centre for the Social History of Health and Healthcare. Or explore all of Strathclyde's Open Access research...

Image: Heart of England NHS Foundation Trust. Wellcome Collection - CC-BY.

Summary [July 1975]

Bell, David N. F. and McGilvray, James W. and Oswald, Andrew J. and Simpson, David R. F. (1975) Summary [July 1975]. Quarterly Economic Commentary, 1 (1). pp. 3-4. ISSN 0306-7866

PDF (FEC_1_1_1975_Summary)
Final Published Version

Download (154kB) | Preview


Since late 1973 the international economy has been dominated by the oil crisis and by parallel rises in the prices of other primary commodities. Most industrialised countries have reacted to these changes in the terms of trade by domestic deflation; unemployment has risen sharply in the OECD countries, while gross product declined and world trade levelled off. All countries have suffered substantial inflation, though with varying degrees of severity. This brief paper summarises world, UK and Scottish economic conditions in the quarter to July 1975.