Summary [July 1975]

Bell, David N. F. and McGilvray, James W. and Oswald, Andrew J. and Simpson, David R. F., Fraser of Allander Institute (1975) Summary [July 1975]. Quarterly Economic Commentary, 1 (1). pp. 3-4. ISSN 0306-7866

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Abstract

Since late 1973 the international economy has been dominated by the oil crisis and by parallel rises in the prices of other primary commodities. Most industrialised countries have reacted to these changes in the terms of trade by domestic deflation; unemployment has risen sharply in the OECD countries, while gross product declined and world trade levelled off. All countries have suffered substantial inflation, though with varying degrees of severity. This brief paper summarises world, UK and Scottish economic conditions in the quarter to July 1975.

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• Item metadata

  Item type:	Article
  ID code:	50188
  Dates:	Date Event July 1975 Published
  Subjects:	Social Sciences > Economic Theory Social Sciences > Commerce Social Sciences > Industries. Land use. Labor
  Department:	Strathclyde Business School > Economics Strathclyde Business School > Fraser of Allander Institute
  Depositing user:	Pure Administrator
  Date deposited:	07 Nov 2014 13:27
  Last modified:	08 Apr 2024 21:48
  Related URLs:	Journal or Publication Organisation
  URI:	https://strathprints.strath.ac.uk/id/eprint/50188