Review of the quarter's economic trends [October 1979]

David N.F. Bell; Gary Emmett; Neil Fraser; Anne Jowett; Frank X. Kirwan; James W. McGilvray; Iain H. McNicoll; Lyle Moar; Ian Orton; David R. F. Simpson; A. A. Wingfield; David N.F. Bell

Review of the quarter's economic trends [October 1979]

David N.F. Bell, Gary Emmett, Neil Fraser, Anne Jowett, Frank X. Kirwan, James W. McGilvray, Iain H. McNicoll, Lyle Moar, Ian Orton, David R. F. Simpson, A. A. Wingfield, David N.F. Bell (Editor)

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Abstract

The second quarter of this year saw a rapid recovery of activity from its depressed first quarter level. The preliminary output based estimates suggest that GDP (including oil) rose some 3% between the two quarters. Nonetheless, GDP for the first half of 1979 was only ½% higher than in the latter half of 1978, most of this increase being due to increased North Sea production and a higher level of activity in the motor and distributive trades. Little further growth is likely over the remainder of this year and GDP may actually decline in 1980. This section reviews recent developments in the major macro-economic aggregates and concludes with a cautious appraisal of the present outlook.

Original language	English
Pages (from-to)	1-5
Number of pages	5
Journal	Quarterly Economic Commentary
Volume	5
Issue number	2
Publication status	Published - Oct 1979

Keywords

world economic trends
UK economy
global GDP growth
consumer expenditure
private fixed investment

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Cite this

@article{3ffd039978d64b38876cc81f1b7a89b6,

title = "Review of the quarter's economic trends [October 1979]",

abstract = "The second quarter of this year saw a rapid recovery of activity from its depressed first quarter level. The preliminary output based estimates suggest that GDP (including oil) rose some 3% between the two quarters. Nonetheless, GDP for the first half of 1979 was only ½% higher than in the latter half of 1978, most of this increase being due to increased North Sea production and a higher level of activity in the motor and distributive trades. Little further growth is likely over the remainder of this year and GDP may actually decline in 1980. This section reviews recent developments in the major macro-economic aggregates and concludes with a cautious appraisal of the present outlook.",

keywords = "world economic trends, UK economy, global GDP growth, consumer expenditure, private fixed investment",

author = "Bell, {David N.F.} and Gary Emmett and Neil Fraser and Anne Jowett and Kirwan, {Frank X.} and McGilvray, {James W.} and McNicoll, {Iain H.} and Lyle Moar and Ian Orton and Simpson, {David R. F.} and Wingfield, {A. A.} and Bell, {David N.F.}",

year = "1979",

month = oct,

language = "English",

volume = "5",

pages = "1--5",

journal = "Fraser of Allander Economic Commentary",

issn = "2046-5378",

publisher = "University of Strathclyde",

number = "2",

}

Review of the quarter's economic trends [October 1979]. / Bell, David N.F.; Emmett, Gary; Fraser, Neil; Jowett, Anne; Kirwan, Frank X.; McGilvray, James W.; McNicoll, Iain H.; Moar, Lyle; Orton, Ian; Simpson, David R. F.; Wingfield, A. A.; Bell, David N.F. (Editor).

In: Quarterly Economic Commentary, Vol. 5, No. 2, 10.1979, p. 1-5.

Research output: Contribution to journal › Article

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T1 - Review of the quarter's economic trends [October 1979]

AU - Bell, David N.F.

AU - Emmett, Gary

AU - Fraser, Neil

AU - Jowett, Anne

AU - Kirwan, Frank X.

AU - McGilvray, James W.

AU - McNicoll, Iain H.

AU - Moar, Lyle

AU - Orton, Ian

AU - Simpson, David R. F.

AU - Wingfield, A. A.

A2 - Bell, David N.F.

PY - 1979/10

Y1 - 1979/10

N2 - The second quarter of this year saw a rapid recovery of activity from its depressed first quarter level. The preliminary output based estimates suggest that GDP (including oil) rose some 3% between the two quarters. Nonetheless, GDP for the first half of 1979 was only ½% higher than in the latter half of 1978, most of this increase being due to increased North Sea production and a higher level of activity in the motor and distributive trades. Little further growth is likely over the remainder of this year and GDP may actually decline in 1980. This section reviews recent developments in the major macro-economic aggregates and concludes with a cautious appraisal of the present outlook.

AB - The second quarter of this year saw a rapid recovery of activity from its depressed first quarter level. The preliminary output based estimates suggest that GDP (including oil) rose some 3% between the two quarters. Nonetheless, GDP for the first half of 1979 was only ½% higher than in the latter half of 1978, most of this increase being due to increased North Sea production and a higher level of activity in the motor and distributive trades. Little further growth is likely over the remainder of this year and GDP may actually decline in 1980. This section reviews recent developments in the major macro-economic aggregates and concludes with a cautious appraisal of the present outlook.

KW - world economic trends

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KW - consumer expenditure

KW - private fixed investment

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