TY - JOUR
T1 - General review [January 1976]
AU - Bell, David N. F.
AU - McGilvray, James W.
AU - Oswald, Andrew J.
AU - Simpson, David R. F.
AU - Telford, Richard
AU - Fraser of Allander Institute
PY - 1976/1
Y1 - 1976/1
N2 - Prospects for the world economy are considerably brighter at the start of 1976 than they were at the beginning of 1975. In the present circumstances, UK recovery must be expected to lag behind that of the EEC and the United States. Meanwhile, the government should regard retraining of the unemployed as a continuing full-time activity and not simply as a haphazard response to unforeseen events. The occupational mobility of labour is a precondition of full employment if real wages are to rise in line with general expectations.
AB - Prospects for the world economy are considerably brighter at the start of 1976 than they were at the beginning of 1975. In the present circumstances, UK recovery must be expected to lag behind that of the EEC and the United States. Meanwhile, the government should regard retraining of the unemployed as a continuing full-time activity and not simply as a haphazard response to unforeseen events. The occupational mobility of labour is a precondition of full employment if real wages are to rise in line with general expectations.
KW - world economic trends
KW - UK economic conditions
KW - British economic performance
UR - http://www.strath.ac.uk/frasercommentary/
UR - http://www.strath.ac.uk/fraser/
M3 - Article
VL - 1
SP - 3
EP - 7
JO - Fraser of Allander Economic Commentary
JF - Fraser of Allander Economic Commentary
SN - 2046-5378
IS - 3
ER -
