Abstract
The world economy is now clearly moving into recession. Industrial output in the United States, having risen by 9.7% between 1st quarter 1978 and 1st quarter 1979, fell back in the first three months of 1980, with production in March 1.5% below the level of the same month in 1979. The UK economy has entered a recession whose depth and intensity are likely to exceed the corresponding characteristics of the 1974-75 downturn.
| Original language | English |
|---|---|
| Pages (from-to) | 1-5 |
| Number of pages | 5 |
| Journal | Quarterly Economic Commentary |
| Volume | 6 |
| Issue number | 1 |
| Publication status | Published - Jul 1980 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- unemployment forecasts
- world economic performance
- UK economic conditions
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