Review of the quarter's economic trends [July 1981]

Fraser, N. and Hamilton, D. and Harrigan, F. and Jowett, A. and McNicoll, I. and Moar, L. and O'Donnell, N. and Orton, I. and Simpson, D. and Tait, E. and Walker, J. (1981) Review of the quarter's economic trends [July 1981]. Quarterly Economic Commentary, 7 (1). pp. 1-5. ISSN 0306-7866

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It would seem the outlook for the UK economy remains depressed. Whilst there may be an ephemeral boost to activity which follows from the rebuilding of stocks and the (less certain) restoration of normal savings behaviour, there is little reason to believe that other demand aggregates will recover sufficiently to avoid unemployment passing the three million mark by the end of this year. The latest UK and world economic data will be examined in order to provide an appraisal of the UK's current economic predicament and future prospects.