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Summary [January 1977]

Bell, David N. F. and Carruth, Alan A. and Danson, Michael W. and Duignan, John and Glassford, M. E. and Kirwan, Frank X. and Simpson, David R. F. and Wingfield, Alison A. (1977) Summary [January 1977]. Quarterly Economic Commentary, 2 (3). p. 32. ISSN 0306-7866

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The pace of recovery in the major economies of the world slackened in the course of 1976. The available evidence suggests that their growth in 1977 may be slower than had earlier been hoped for, and that further reductions in unemployment and in rates of inflation may be difficult to achieve in the short run.