Review of the quarter's economic trends [January 1981]

D.N.F. Bell; D. Hamilton; F. Harrigan; A. Jowett; F. Kirwan; J. McGilvray; N. O'Donnell; I. Orton; D. Simpson; E. Tait; J. Walker; A. Wingfield

Review of the quarter's economic trends [January 1981]

D.N.F. Bell, D. Hamilton, F. Harrigan, A. Jowett, F. Kirwan, J. McGilvray, N. O'Donnell, I. Orton, D. Simpson, E. Tait, J. Walker, A. Wingfield

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Abstract

The UK recession has intensified. Belying earlier forecasts the current downturn is proving more severe and probably more prolonged than its precursor of 1974-75. The overall level of outputs is estimated to have fallen by 2.5 - 3 % during the past year. A further, though less marked, fall is predicted for 1981, with at best a hesitant recovery emerging in the latter half of the year. Global macroeconomic trends are examined as well as labour market conditions.

Original language	English
Pages (from-to)	1-4
Number of pages	4
Journal	Quarterly Economic Commentary
Volume	6
Issue number	3
Publication status	Published - Jan 1981

Keywords

global economic conditions
world economic output
UK economic trends
global oil prices
industrial performance
UK gross domestic product (GDP)

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AU - Bell, D.N.F.

AU - Hamilton, D.

AU - Harrigan, F.

AU - Jowett, A.

AU - Kirwan, F.

AU - McGilvray, J.

AU - O'Donnell, N.

AU - Orton, I.

AU - Simpson, D.

AU - Tait, E.

AU - Walker, J.

AU - Wingfield, A.

PY - 1981/1

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N2 - The UK recession has intensified. Belying earlier forecasts the current downturn is proving more severe and probably more prolonged than its precursor of 1974-75. The overall level of outputs is estimated to have fallen by 2.5 - 3 % during the past year. A further, though less marked, fall is predicted for 1981, with at best a hesitant recovery emerging in the latter half of the year. Global macroeconomic trends are examined as well as labour market conditions.

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KW - world economic output

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KW - global oil prices

KW - industrial performance

KW - UK gross domestic product (GDP)

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

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VL - 6

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JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 3

ER -

Review of the quarter's economic trends [January 1981]

Abstract

Keywords

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