Review of the quarter's economic trends [July 1976]
Carruth, Alan and O'Sullivan, N., Fraser of Allander Institute (1976) Review of the quarter's economic trends [July 1976]. Quarterly Economic Commentary, 2 (1). pp. 1-5. ISSN 0306-7866
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Abstract
The initial recovery phase of the leading economies in the second half of 1975 occurred at a fairly leisurely pace compared to past experience of the upturn. However, the first quarter of 1976 has seen industrial production expanding rapidly in most countries, with an expected rise of 10% over the same period last year. This increases momentum in the world economy has led to revision of official forecasts of many important indicators. The volume of world trade is now expected to rise by 10% this year. Total output, which fell by 1 ½% last year, should increase by 5% this year. Inflation in most countries is now in single figures on an annual rate basis. Profit levels have improved considerably: so far there is little evidence of a recovery in investment in plant and machinery.
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Item type: Article ID code: 50212 Dates: DateEventJuly 1976PublishedSubjects: Social Sciences > Economic Theory
Social Sciences > Commerce
Social Sciences > Industries. Land use. LaborDepartment: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Pure Administrator Date deposited: 07 Nov 2014 15:49 Last modified: 01 Oct 2024 00:21 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/50212