Summary [October 1975]

Bell, David N. F. and McGilvray, James W. and Oswald, Andrew J. and Simpson, David R. F., Fraser of Allander Institute (1975) Summary [October 1975]. Quarterly Economic Commentary, 1 (2). pp. 1-2. ISSN 0306-7866

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Abstract

This brief paper summarises world, UK and Scottish economic conditions in the quarter to October 1975. The downward trend in production in the industrialised countries which took effect from about the middle of 1974 appears to have continued throughout the first half of 1975. While Japan experienced a slight rise in industrial production in the second quarter of this year, a general recovery of world trade appears to be waiting for unmistakable signs of recovery in economic activity in the United States. Evidence from the United States is conflicting, and therefore it seems unlikely that output in the industrialised countries will increase before the end of the year. These uncertainties may postpone recovery in the United Kingdom.

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• Item metadata

  Item type:	Article
  ID code:	50192
  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 13:43
  Last modified:	11 Nov 2024 10:51
  Related URLs:	Journal or Publication Organisation
  URI:	https://strathprints.strath.ac.uk/id/eprint/50192