Review of the quarter's economic trends [January 1979]

David N. F. Bell, S. Hart, Frank X. Kirwan, James W. McGilvray, L. Moar, A. J. Morton, David R. F. Simpson, Alison A. Wingfield, Fraser of Allander Institute, David N. F. Bell (Editor)

    Research output: Contribution to journalArticle

    Abstract

    While demand management policies in the major industrialised countries are in a state of concerted divergence, and there are mildly favourable economic prospects for 1979 in all of these countries, there is a widespread feeling that this stability is unusually precarious and would easily be upset by political events. During the past three years, the United States economy has made substantial progress in terms of output and employment, while its balance of payments has deteriorated, and the rate of increase of consumer prices almost reached double figures in the middle of 1978, Over the same period, West Germany and Japan have enjoyed balance of payments surpluses and low rates of inflation, while their output and employment levels have grown relatively slowly. Now in 1979, it is claimed, this process will be reversed. In the UK, over the year just ended, GDP appears to have grown at a rate of 3-3½% (measured at 1975 prices). Growth
    was especially rapid in the second and fourth quarters.
    LanguageEnglish
    Pages1-4
    Number of pages4
    JournalQuarterly Economic Commentary
    Volume4
    Issue number3
    Publication statusPublished - Jan 1979

    Fingerprint

    Economic trends
    Balance of payments
    Demand management
    Developed countries
    Economics
    Japan
    Divergence
    West Germany
    Consumer prices
    Inflation
    Surplus

    Keywords

    • world economic trends
    • British economic performance
    • economic forecasts
    • economic growth

    Cite this

    Bell, D. N. F., Hart, S., Kirwan, F. X., McGilvray, J. W., Moar, L., Morton, A. J., ... Bell, D. N. F. (Ed.) (1979). Review of the quarter's economic trends [January 1979]. Quarterly Economic Commentary, 4(3), 1-4.
    Bell, David N. F. ; Hart, S. ; Kirwan, Frank X. ; McGilvray, James W. ; Moar, L. ; Morton, A. J. ; Simpson, David R. F. ; Wingfield, Alison A. ; Fraser of Allander Institute ; Bell, David N. F. (Editor). / Review of the quarter's economic trends [January 1979]. In: Quarterly Economic Commentary. 1979 ; Vol. 4, No. 3. pp. 1-4.
    @article{cc93c3a8c87f4d5ebff8c6abfe690e0f,
    title = "Review of the quarter's economic trends [January 1979]",
    abstract = "While demand management policies in the major industrialised countries are in a state of concerted divergence, and there are mildly favourable economic prospects for 1979 in all of these countries, there is a widespread feeling that this stability is unusually precarious and would easily be upset by political events. During the past three years, the United States economy has made substantial progress in terms of output and employment, while its balance of payments has deteriorated, and the rate of increase of consumer prices almost reached double figures in the middle of 1978, Over the same period, West Germany and Japan have enjoyed balance of payments surpluses and low rates of inflation, while their output and employment levels have grown relatively slowly. Now in 1979, it is claimed, this process will be reversed. In the UK, over the year just ended, GDP appears to have grown at a rate of 3-3½{\%} (measured at 1975 prices). Growthwas especially rapid in the second and fourth quarters.",
    keywords = "world economic trends, British economic performance, economic forecasts, economic growth",
    author = "Bell, {David N. F.} and S. Hart and Kirwan, {Frank X.} and McGilvray, {James W.} and L. Moar and Morton, {A. J.} and Simpson, {David R. F.} and Wingfield, {Alison A.} and {Fraser of Allander Institute} and Bell, {David N. F.}",
    year = "1979",
    month = "1",
    language = "English",
    volume = "4",
    pages = "1--4",
    journal = "Fraser of Allander Economic Commentary",
    issn = "2046-5378",
    publisher = "University of Strathclyde",
    number = "3",

    }

    Bell, DNF, Hart, S, Kirwan, FX, McGilvray, JW, Moar, L, Morton, AJ, Simpson, DRF, Wingfield, AA, Fraser of Allander Institute & Bell, DNF (ed.) 1979, 'Review of the quarter's economic trends [January 1979]' Quarterly Economic Commentary, vol. 4, no. 3, pp. 1-4.

    Review of the quarter's economic trends [January 1979]. / Bell, David N. F.; Hart, S.; Kirwan, Frank X.; McGilvray, James W.; Moar, L.; Morton, A. J.; Simpson, David R. F.; Wingfield, Alison A.; Fraser of Allander Institute; Bell, David N. F. (Editor).

    In: Quarterly Economic Commentary, Vol. 4, No. 3, 01.1979, p. 1-4.

    Research output: Contribution to journalArticle

    TY - JOUR

    T1 - Review of the quarter's economic trends [January 1979]

    AU - Bell, David N. F.

    AU - Hart, S.

    AU - Kirwan, Frank X.

    AU - McGilvray, James W.

    AU - Moar, L.

    AU - Morton, A. J.

    AU - Simpson, David R. F.

    AU - Wingfield, Alison A.

    AU - Fraser of Allander Institute

    A2 - Bell, David N. F.

    PY - 1979/1

    Y1 - 1979/1

    N2 - While demand management policies in the major industrialised countries are in a state of concerted divergence, and there are mildly favourable economic prospects for 1979 in all of these countries, there is a widespread feeling that this stability is unusually precarious and would easily be upset by political events. During the past three years, the United States economy has made substantial progress in terms of output and employment, while its balance of payments has deteriorated, and the rate of increase of consumer prices almost reached double figures in the middle of 1978, Over the same period, West Germany and Japan have enjoyed balance of payments surpluses and low rates of inflation, while their output and employment levels have grown relatively slowly. Now in 1979, it is claimed, this process will be reversed. In the UK, over the year just ended, GDP appears to have grown at a rate of 3-3½% (measured at 1975 prices). Growthwas especially rapid in the second and fourth quarters.

    AB - While demand management policies in the major industrialised countries are in a state of concerted divergence, and there are mildly favourable economic prospects for 1979 in all of these countries, there is a widespread feeling that this stability is unusually precarious and would easily be upset by political events. During the past three years, the United States economy has made substantial progress in terms of output and employment, while its balance of payments has deteriorated, and the rate of increase of consumer prices almost reached double figures in the middle of 1978, Over the same period, West Germany and Japan have enjoyed balance of payments surpluses and low rates of inflation, while their output and employment levels have grown relatively slowly. Now in 1979, it is claimed, this process will be reversed. In the UK, over the year just ended, GDP appears to have grown at a rate of 3-3½% (measured at 1975 prices). Growthwas especially rapid in the second and fourth quarters.

    KW - world economic trends

    KW - British economic performance

    KW - economic forecasts

    KW - economic growth

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

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

    M3 - Article

    VL - 4

    SP - 1

    EP - 4

    JO - Fraser of Allander Economic Commentary

    T2 - Fraser of Allander Economic Commentary

    JF - Fraser of Allander Economic Commentary

    SN - 2046-5378

    IS - 3

    ER -

    Bell DNF, Hart S, Kirwan FX, McGilvray JW, Moar L, Morton AJ et al. Review of the quarter's economic trends [January 1979]. Quarterly Economic Commentary. 1979 Jan;4(3):1-4.