In the year just ended, no growth in the aggregate level of output in the UK economy was discernible. Nevertheless, there were significant shifts in the composition of output. Exports increased by some 7% in volume terms, while the volume of manufacturing investment in the first three quarters of the year was about 6% higher than in the similar period of 1976. The performance of electronics, oil, and the chemicals sectors contrasted favourably with disappointing results in other parts of the economy. Further analysis of the UK economy and wider global economy is also provided.
|Number of pages||5|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - Jan 1978|
- world economic trends
- British economic performance
- economic forecasts
- economic growth