Review of the quarter's economic trends [October 1977]

D N F Bell, M W Danson, J Duignan, M E Glassford, F X Kirwan, J W McGilvray, D R F Simpson, Alison A. Wingfield

    Research output: Contribution to journalArticle

    Abstract

    The present position and outlook might be depicted as follows. The recovery can be considered to be reasonably well established in the US, which alone in the developed world has seen a strong revival in business fixed investment. It is also the only major
    economy where unemployment, currently averaging 7% of the civilian labour force, seems unlikely to rise further in the next year. Real GDP growth is likely to be of the order of 5% annually during both 1977 and 1978. The current account of the
    balance of payments seems set to remain in substantial deficit up to the middle of next year. As this brief analysis will show this in part reflects substantial oil imports, and so its effects on the trade balance of the developed world may not be large.
    LanguageEnglish
    Pages1-7
    Number of pages7
    JournalQuarterly Economic Commentary
    Volume3
    Issue number2
    Publication statusPublished - Oct 1977

    Fingerprint

    GDP growth
    Oil
    Economic trends
    Unemployment
    Import
    Labor force
    Fixed investment
    Current account
    Balance of trade
    Payment
    Real GDP

    Keywords

    • world economic trends
    • British economic performance
    • economic forecasts
    • economic growth

    Cite this

    Bell, D. N. F., Danson, M. W., Duignan, J., Glassford, M. E., Kirwan, F. X., McGilvray, J. W., ... Wingfield, A. A. (1977). Review of the quarter's economic trends [October 1977]. Quarterly Economic Commentary, 3(2), 1-7.
    Bell, D N F ; Danson, M W ; Duignan, J ; Glassford, M E ; Kirwan, F X ; McGilvray, J W ; Simpson, D R F ; Wingfield, Alison A. / Review of the quarter's economic trends [October 1977]. In: Quarterly Economic Commentary. 1977 ; Vol. 3, No. 2. pp. 1-7.
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    abstract = "The present position and outlook might be depicted as follows. The recovery can be considered to be reasonably well established in the US, which alone in the developed world has seen a strong revival in business fixed investment. It is also the only majoreconomy where unemployment, currently averaging 7{\%} of the civilian labour force, seems unlikely to rise further in the next year. Real GDP growth is likely to be of the order of 5{\%} annually during both 1977 and 1978. The current account of thebalance of payments seems set to remain in substantial deficit up to the middle of next year. As this brief analysis will show this in part reflects substantial oil imports, and so its effects on the trade balance of the developed world may not be large.",
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    author = "Bell, {D N F} and Danson, {M W} and J Duignan and Glassford, {M E} and Kirwan, {F X} and McGilvray, {J W} and Simpson, {D R F} and Wingfield, {Alison A.}",
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    Bell, DNF, Danson, MW, Duignan, J, Glassford, ME, Kirwan, FX, McGilvray, JW, Simpson, DRF & Wingfield, AA 1977, 'Review of the quarter's economic trends [October 1977]' Quarterly Economic Commentary, vol. 3, no. 2, pp. 1-7.

    Review of the quarter's economic trends [October 1977]. / Bell, D N F; Danson, M W; Duignan, J; Glassford, M E; Kirwan, F X; McGilvray, J W; Simpson, D R F; Wingfield, Alison A.

    In: Quarterly Economic Commentary, Vol. 3, No. 2, 10.1977, p. 1-7.

    Research output: Contribution to journalArticle

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    Bell DNF, Danson MW, Duignan J, Glassford ME, Kirwan FX, McGilvray JW et al. Review of the quarter's economic trends [October 1977]. Quarterly Economic Commentary. 1977 Oct;3(2):1-7.