Review of the quarter's economic trends [July 1978]

David N. F. Bell, S. Hart, Frank X. Kirwan, James W. McGilvray, 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

    Developments in the early part of this year suggest that in general most countries are likely to experience a further period of sluggish growth. None of the leading forecasting bodies predict a significant improvement in the performance of the major economies. The long awaited recovery in business fixed investment has not materialised except in the United States. The British economy is now expanding
    at a relatively rapid rate. Provisional estimates suggest that GDP rose by 1% during the first quarter of this year, fuelled largely by a sustained recovery in the volume of consumer expenditure. The tax changes of the April budget will sustain this trend for some time. In this section we examine the most recent batch of economic indicators, and assess the recovery in the light of the government's professed economic strategy. We also present and contrast the latest predictions of the major forecasting organisations.
    LanguageEnglish
    Pages1-6
    Number of pages6
    JournalQuarterly Economic Commentary
    Volume4
    Issue number1
    Publication statusPublished - Jul 1978

    Fingerprint

    Economic trends
    Batch
    Economic indicators
    Prediction
    Fixed investment
    Government
    Consumer expenditure
    Tax
    Economic strategy

    Keywords

    • world economic trends
    • British economic performance
    • global industrial output
    • GDP growth

    Cite this

    Bell, D. N. F., Hart, S., Kirwan, F. X., McGilvray, J. W., Morton, A. J., Simpson, D. R. F., ... Bell, D. N. F. (Ed.) (1978). Review of the quarter's economic trends [July 1978]. Quarterly Economic Commentary, 4(1), 1-6.
    Bell, David N. F. ; Hart, S. ; Kirwan, Frank X. ; McGilvray, James W. ; 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 [July 1978]. In: Quarterly Economic Commentary. 1978 ; Vol. 4, No. 1. pp. 1-6.
    @article{8b9fca85b6f44e14ad50c7cfb8efba0e,
    title = "Review of the quarter's economic trends [July 1978]",
    abstract = "Developments in the early part of this year suggest that in general most countries are likely to experience a further period of sluggish growth. None of the leading forecasting bodies predict a significant improvement in the performance of the major economies. The long awaited recovery in business fixed investment has not materialised except in the United States. The British economy is now expandingat a relatively rapid rate. Provisional estimates suggest that GDP rose by 1{\%} during the first quarter of this year, fuelled largely by a sustained recovery in the volume of consumer expenditure. The tax changes of the April budget will sustain this trend for some time. In this section we examine the most recent batch of economic indicators, and assess the recovery in the light of the government's professed economic strategy. We also present and contrast the latest predictions of the major forecasting organisations.",
    keywords = "world economic trends, British economic performance, global industrial output, GDP growth",
    author = "Bell, {David N. F.} and S. Hart and Kirwan, {Frank X.} and McGilvray, {James W.} and Morton, {A. J.} and Simpson, {David R. F.} and Wingfield, {Alison A.} and {Fraser of Allander Institute} and Bell, {David N. F.}",
    year = "1978",
    month = "7",
    language = "English",
    volume = "4",
    pages = "1--6",
    journal = "Fraser of Allander Economic Commentary",
    issn = "2046-5378",
    publisher = "University of Strathclyde",
    number = "1",

    }

    Bell, DNF, Hart, S, Kirwan, FX, McGilvray, JW, Morton, AJ, Simpson, DRF, Wingfield, AA, Fraser of Allander Institute & Bell, DNF (ed.) 1978, 'Review of the quarter's economic trends [July 1978]' Quarterly Economic Commentary, vol. 4, no. 1, pp. 1-6.

    Review of the quarter's economic trends [July 1978]. / Bell, David N. F.; Hart, S.; Kirwan, Frank X.; McGilvray, James W.; 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. 1, 07.1978, p. 1-6.

    Research output: Contribution to journalArticle

    TY - JOUR

    T1 - Review of the quarter's economic trends [July 1978]

    AU - Bell, David N. F.

    AU - Hart, S.

    AU - Kirwan, Frank X.

    AU - McGilvray, James W.

    AU - Morton, A. J.

    AU - Simpson, David R. F.

    AU - Wingfield, Alison A.

    AU - Fraser of Allander Institute

    A2 - Bell, David N. F.

    PY - 1978/7

    Y1 - 1978/7

    N2 - Developments in the early part of this year suggest that in general most countries are likely to experience a further period of sluggish growth. None of the leading forecasting bodies predict a significant improvement in the performance of the major economies. The long awaited recovery in business fixed investment has not materialised except in the United States. The British economy is now expandingat a relatively rapid rate. Provisional estimates suggest that GDP rose by 1% during the first quarter of this year, fuelled largely by a sustained recovery in the volume of consumer expenditure. The tax changes of the April budget will sustain this trend for some time. In this section we examine the most recent batch of economic indicators, and assess the recovery in the light of the government's professed economic strategy. We also present and contrast the latest predictions of the major forecasting organisations.

    AB - Developments in the early part of this year suggest that in general most countries are likely to experience a further period of sluggish growth. None of the leading forecasting bodies predict a significant improvement in the performance of the major economies. The long awaited recovery in business fixed investment has not materialised except in the United States. The British economy is now expandingat a relatively rapid rate. Provisional estimates suggest that GDP rose by 1% during the first quarter of this year, fuelled largely by a sustained recovery in the volume of consumer expenditure. The tax changes of the April budget will sustain this trend for some time. In this section we examine the most recent batch of economic indicators, and assess the recovery in the light of the government's professed economic strategy. We also present and contrast the latest predictions of the major forecasting organisations.

    KW - world economic trends

    KW - British economic performance

    KW - global industrial output

    KW - GDP growth

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

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

    M3 - Article

    VL - 4

    SP - 1

    EP - 6

    JO - Fraser of Allander Economic Commentary

    T2 - Fraser of Allander Economic Commentary

    JF - Fraser of Allander Economic Commentary

    SN - 2046-5378

    IS - 1

    ER -

    Bell DNF, Hart S, Kirwan FX, McGilvray JW, Morton AJ, Simpson DRF et al. Review of the quarter's economic trends [July 1978]. Quarterly Economic Commentary. 1978 Jul;4(1):1-6.