Review of the quarter's economic trends [January 1979]
Bell, David N. F. and Hart, S. and Kirwan, Frank X. and McGilvray, James W. and Moar, L. and Morton, A. J. and Simpson, David R. F. and Wingfield, Alison A., Fraser of Allander Institute (1979) Review of the quarter's economic trends [January 1979]. Quarterly Economic Commentary, 4 (3). pp. 1-4. ISSN 0306-7866
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Abstract
While demand management policies in the major industrialised countries are in a state of concerted divergence, and there are mildly favourable economic prospects for 1979 in all of these countries, there is a widespread feeling that this stability is unusually precarious and would easily be upset by political events. During the past three years, the United States economy has made substantial progress in terms of output and employment, while its balance of payments has deteriorated, and the rate of increase of consumer prices almost reached double figures in the middle of 1978, Over the same period, West Germany and Japan have enjoyed balance of payments surpluses and low rates of inflation, while their output and employment levels have grown relatively slowly. Now in 1979, it is claimed, this process will be reversed. In the UK, over the year just ended, GDP appears to have grown at a rate of 3-3½% (measured at 1975 prices). Growth was especially rapid in the second and fourth quarters.
Creators(s): | Bell, David N. F., Hart, S., Kirwan, Frank X., McGilvray, James W., Moar, L., Morton, A. J., Simpson, David R. F. and Wingfield, Alison A.; Fraser of Allander Institute; Bell, David N. F. | Item type: | Article |
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ID code: | 50273 |
Keywords: | world economic trends, British economic performance, economic forecasts, economic growth, Economic Theory, Economics and Econometrics |
Subjects: | Social Sciences > Economic Theory |
Department: | Strathclyde Business School > Fraser of Allander Institute |
Depositing user: | Pure Administrator |
Date deposited: | 11 Nov 2014 15:13 |
Last modified: | 02 Feb 2021 09:30 |
Related URLs: | |
URI: | https://strathprints.strath.ac.uk/id/eprint/50273 |
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