Review of the quarter's economic trends [July 1980]

David N.F. Bell, Neil Fraser, Douglas Hamilton, F. Harrigan, Anne Jowett, Frank X. Kirwan, Iain McNicoll, Lyle Moar, N. O'Donnell, Ian Orton, David N.F. Bell (Editor)

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    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 languageEnglish
    Pages (from-to)1-5
    Number of pages5
    JournalQuarterly Economic Commentary
    Issue number1
    Publication statusPublished - Jul 1980


    • unemployment forecasts
    • world economic performance
    • UK economic conditions

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