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.
|Number of pages||4|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - Jan 1976|
- world economic trends
- UK economic conditions
- British economic performance