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

Fraser, N. and Bell, D. and Hamilton, D. and Harrigan, F. and Jowett, A. and McGilvray, J. and McNicoll, I. and Moar, L. and O'Donnell, N. and Simpson, D. and Tait, E. and Walker, J. and Wingfield, A. (1981) Review of the quarter's economic trends [October 1981]. Quarterly Economic Commentary, 7 (2). pp. 1-4. ISSN 0306-7866

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In the second quarter of 1981 the index of industrial production for the United Kingdom was 8% below its level for the corresponding period in 1980. This notwithstanding, there do appear to be signs that the bottom of the output trough may now have been reached. This brief section will seek to understand the latest UK and world economic data to determine current economic conditions and forecasts future trends.