General review [January 1976]

Richard Telford; Fraser of Allander Institute

General review [January 1976]

Richard Telford, Fraser of Allander Institute

Economics

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Abstract

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.

Original language	English
Pages (from-to)	3-7
Number of pages	4
Journal	Quarterly Economic Commentary
Volume	1
Issue number	3
Publication status	Published - Jan 1976

Keywords

world economic trends
UK economic conditions
British economic performance

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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FEC_1_3_1976_Bell-etal2Final published version, 235 KB

Cite this

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title = "General review [January 1976]",

abstract = "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.",

keywords = "world economic trends, UK economic conditions, British economic performance",

author = "Bell, {David N. F.} and McGilvray, {James W.} and Oswald, {Andrew J.} and Simpson, {David R. F.} and Richard Telford and {Fraser of Allander Institute}",

year = "1976",

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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.

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KW - UK economic conditions

KW - British economic performance

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UR - http://www.strath.ac.uk/fraser/

M3 - Article

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IS - 3

ER -

General review [January 1976]

Abstract

Keywords

UN SDGs

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