Review of the quarter's economic trends [October 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

Review of the quarter's economic trends [October 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)

Fraser Of Allander Institute

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Abstract

It now appears that growth in the world economy this year is unlikely to exceed that of 1977. In effect the improvement in the growth performance of the major European economies has been offset by a slowdown in the American economy. In retrospect, the buoyant conditions of the second quarter in both the United States and some of the larger European economies may have been due primarily to the aftermath of severe weather and to a recovery from the effects of industrial disputes
than to any self-sustaining revival in activity. The OECD in its most recent Economic Outlook remained pessimistic about growth and inflation prospects in the light of decreasing fiscal stimuli and a return to more inflationary wage settlements.

Original language	English
Pages (from-to)	1-6
Number of pages	6
Journal	Quarterly Economic Commentary
Volume	4
Issue number	2
Publication status	Published - Oct 1978

Keywords

world economic trends
British economic performance
economic forecasts
economic growth

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title = "Review of the quarter's economic trends [October 1978]",

abstract = "It now appears that growth in the world economy this year is unlikely to exceed that of 1977. In effect the improvement in the growth performance of the major European economies has been offset by a slowdown in the American economy. In retrospect, the buoyant conditions of the second quarter in both the United States and some of the larger European economies may have been due primarily to the aftermath of severe weather and to a recovery from the effects of industrial disputes than to any self-sustaining revival in activity. The OECD in its most recent Economic Outlook remained pessimistic about growth and inflation prospects in the light of decreasing fiscal stimuli and a return to more inflationary wage settlements.",

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T1 - Review of the quarter's economic trends [October 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 - 1978/10

Y1 - 1978/10

N2 - It now appears that growth in the world economy this year is unlikely to exceed that of 1977. In effect the improvement in the growth performance of the major European economies has been offset by a slowdown in the American economy. In retrospect, the buoyant conditions of the second quarter in both the United States and some of the larger European economies may have been due primarily to the aftermath of severe weather and to a recovery from the effects of industrial disputes than to any self-sustaining revival in activity. The OECD in its most recent Economic Outlook remained pessimistic about growth and inflation prospects in the light of decreasing fiscal stimuli and a return to more inflationary wage settlements.

AB - It now appears that growth in the world economy this year is unlikely to exceed that of 1977. In effect the improvement in the growth performance of the major European economies has been offset by a slowdown in the American economy. In retrospect, the buoyant conditions of the second quarter in both the United States and some of the larger European economies may have been due primarily to the aftermath of severe weather and to a recovery from the effects of industrial disputes than to any self-sustaining revival in activity. The OECD in its most recent Economic Outlook remained pessimistic about growth and inflation prospects in the light of decreasing fiscal stimuli and a return to more inflationary wage settlements.

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KW - British economic performance

KW - economic forecasts

KW - economic growth

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

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JO - Quarterly Economic Commentary

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IS - 2

ER -

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

Abstract

Keywords

UN SDGs

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