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Open Access research with a European policy impact...

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EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

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Summary [July 1977]

Bell, David N. F. and Bulmer-Thomas, Victor and Carruth, Alan A. and Danson, Michael W. and Duignan, John and Glassford, M. E. and Kirwan, Frank X. and McGilvray, James W. and Simpson, David R. F. and Wingfield, Alison A., Fraser of Allander Institute (1977) Summary [July 1977]. Quarterly Economic Commentary, 3 (1). p. 28. ISSN 0306-7866

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For most of the industrialised countries of the world, the first half of 1977 has been a period of relatively slow growth, and very slow adjustment towards the objectives of price stability and full employment. In the United States, however, a stronger recovery is evident: GNP is expected to grow by 5% in 1977, and by perhaps a similar amount in 1978.