Summary [July 1977]

David N. F. Bell, Victor Bulmer-Thomas, Alan A. Carruth, Michael W. Danson, John Duignan, M. E. Glassford, Frank X. Kirwan, James W. McGilvray, David R. F. Simpson, Alison A. Wingfield, Fraser of Allander Institute

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    Abstract

    For most of the industrialised countries of the world, the first half of 1977 has been a period of relatively slow growth, and very slow adjustment towards the objectives of price stability and full employment. In the United States, however, a stronger recovery is evident: GNP is expected to grow by 5% in 1977, and by perhaps a similar amount in 1978.
    Original languageEnglish
    Pages (from-to)28
    Number of pages1
    JournalQuarterly Economic Commentary
    Volume3
    Issue number1
    Publication statusPublished - Jul 1977

    Keywords

    • world economic trends
    • Scottish economic conditions
    • UK economic trends

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