Review of the quarter's economic trends [January 1978]

Bell, D N F and Danson, M W and Glassford, M E and Kirwan, F X and Morton, A J and Simpson, D R F and Wingfield, Alison A. (1978) Review of the quarter's economic trends [January 1978]. Quarterly Economic Commentary, 3 (3). pp. 1-5. ISSN 0306-7866

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Abstract

In the year just ended, no growth in the aggregate level of output in the UK economy was discernible. Nevertheless, there were significant shifts in the composition of output. Exports increased by some 7% in volume terms, while the volume of manufacturing investment in the first three quarters of the year was about 6% higher than in the similar period of 1976. The performance of electronics, oil, and the chemicals sectors contrasted favourably with disappointing results in other parts of the economy. Further analysis of the UK economy and wider global economy is also provided.

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