Review of the quarter's economic trends [January 1977]

Alan A. Carruth, Michael W. Danson, John Duignan, M. E. Glassford, Frank X. Kirwan, David R. F. Simpson, Alison A. Wingfield, Fraser of Allander Institute

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    There is now ample evidence that the pace of recovery in the major economies slackened during 1976. Published statistics, however, are as yet inadequate to document the full extent of the slowdown or to assert that it was a transient phenomenon. Available evidence would suggest that the growth in the major economies in 1977 may be somewhat slower than had earlier been forecast, and
    that in the short run further reductions in unemployment and inflation rates may be very difficult to achieve. Several threads may be drawn together in an attempt to justify this interpretation of likely future developments.
    Original languageEnglish
    Pages (from-to)1-6
    Number of pages6
    JournalQuarterly Economic Commentary
    Issue number3
    Publication statusPublished - Jan 1977


    • economic trends
    • world economic performance
    • UK economic conditions


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