General review [April 1976]
Carruth, Alan and O'Sullivan, N., Fraser of Allander Institute (1976) General review [April 1976]. Quarterly Economic Commentary, 1 (4). pp. 3-8. ISSN 0306-7866
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Abstract
There are now unmistakable signs of a sustained recovery in world trade and production. Both the imports and the exports of the leading industrialised countries in February were substantially above their level of twelve months previously. It may reasonably be expected that world trade as a whole will expand by about 7% in real terms this year Different countries are emerging from the recession at different rates: amongst the first to emerge clearly from the recession has been the United States. In the UK, the fall in total output which began in the fourth quarter of 1974 appears to have ended. Each of the three measures of GDP increased in the fourth quarter of 1975, the output measure by a little over 1/2%. During 1975 real living standards fell by around 4%, despite an increased share of wages and salaries in total money income during the year.
Creators(s): | Carruth, Alan and O'Sullivan, N.; Fraser of Allander Institute; | Item type: | Article |
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ID code: | 50209 |
Keywords: | world economic trends, UK economic conditions, unemployment patterns, Economic Theory, Commerce, Industries. Land use. Labor, Economics and Econometrics |
Subjects: | Social Sciences > Economic Theory Social Sciences > Commerce Social Sciences > Industries. Land use. Labor |
Department: | Strathclyde Business School > Economics Strathclyde Business School > Fraser of Allander Institute |
Depositing user: | Pure Administrator |
Date deposited: | 07 Nov 2014 15:30 |
Last modified: | 01 Jan 2021 01:56 |
Related URLs: | |
URI: | https://strathprints.strath.ac.uk/id/eprint/50209 |
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