Review of the quarter's economic trends [February 1982]

Fraser, N. and Bell, D. and Hamilton, D. 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. (1982) Review of the quarter's economic trends [February 1982]. Quarterly Economic Commentary, 7 (3). pp. 1-4. ISSN 0306-7866

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With unemployment having now passed the critical 3 million level there is intense pressure on the Chancellor to adopt a more reflationary stance in the coming Budget. Even within the confines of the present strategy there appears to be some scope for a limited expansion. This review of UK and world economic data will appraise recent economic performance and make predictions about future economic prospects.