Summary [January 1976]

Richard Telford; Fraser of Allander Institute

Summary [January 1976]

Richard Telford, Fraser of Allander Institute

Economics

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Abstract

Prospects for the world economy have greatly improved in the last few months. The key to this recovery lies in the United States, which experienced rapid growth during the second half of 1975. Simultaneously, the rate of price inflation slowed to an annual rate of just under 8%, and the US secured a substantial balance of payments surplus. Although the present situation and the short-run outlook - inevitable
consequences of general UK experience during the present cycle of recession -
are gloomy, analysis of Scotland's relative performance in this recession provides some grounds for optimism.

Original language	English
Pages (from-to)	1-2
Number of pages	2
Journal	Quarterly Economic Commentary
Volume	1
Issue number	3
Publication status	Published - Jan 1976

Keywords

global economic trends
UK economic conditions
Scottish economy
unemployment patterns

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title = "Summary [January 1976]",

abstract = "Prospects for the world economy have greatly improved in the last few months. The key to this recovery lies in the United States, which experienced rapid growth during the second half of 1975. Simultaneously, the rate of price inflation slowed to an annual rate of just under 8%, and the US secured a substantial balance of payments surplus. Although the present situation and the short-run outlook - inevitableconsequences of general UK experience during the present cycle of recession -are gloomy, analysis of Scotland's relative performance in this recession provides some grounds for optimism.",

keywords = "global economic trends, UK economic conditions, Scottish economy, unemployment patterns",

author = "Bell, {David N. F.} and McGilvray, {James W.} and Oswald, {Andrew J.} and Simpson, {David R. F.} and Richard Telford and {Fraser of Allander Institute}",

year = "1976",

month = jan,

language = "English",

volume = "1",

pages = "1--2",

journal = "Fraser of Allander Economic Commentary",

issn = "2046-5378",

publisher = "University of Strathclyde",

number = "3",

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T1 - Summary [January 1976]

AU - Bell, David N. F.

AU - McGilvray, James W.

AU - Oswald, Andrew J.

AU - Simpson, David R. F.

AU - Telford, Richard

AU - Fraser of Allander Institute

PY - 1976/1

Y1 - 1976/1

N2 - Prospects for the world economy have greatly improved in the last few months. The key to this recovery lies in the United States, which experienced rapid growth during the second half of 1975. Simultaneously, the rate of price inflation slowed to an annual rate of just under 8%, and the US secured a substantial balance of payments surplus. Although the present situation and the short-run outlook - inevitableconsequences of general UK experience during the present cycle of recession -are gloomy, analysis of Scotland's relative performance in this recession provides some grounds for optimism.

AB - Prospects for the world economy have greatly improved in the last few months. The key to this recovery lies in the United States, which experienced rapid growth during the second half of 1975. Simultaneously, the rate of price inflation slowed to an annual rate of just under 8%, and the US secured a substantial balance of payments surplus. Although the present situation and the short-run outlook - inevitableconsequences of general UK experience during the present cycle of recession -are gloomy, analysis of Scotland's relative performance in this recession provides some grounds for optimism.

KW - global economic trends

KW - UK economic conditions

KW - Scottish economy

KW - unemployment patterns

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

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

M3 - Article

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EP - 2

JO - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

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