TY - JOUR
T1 - Review of the quarter's economic trends [January 1981]
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
Y1 - 1981/1
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.
AB - 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.
KW - global economic conditions
KW - world economic output
KW - UK economic trends
KW - global oil prices
KW - industrial performance
KW - UK gross domestic product (GDP)
UR - http://www.strath.ac.uk/frasercommentary/
UR - http://www.strath.ac.uk/fraser/
M3 - Article
VL - 6
SP - 1
EP - 4
JO - Fraser of Allander Economic Commentary
JF - Fraser of Allander Economic Commentary
SN - 2046-5378
IS - 3
ER -