Summary [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

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    Abstract

    The general picture is one of a faltering recovery, the consequence in many countries of an excessive depression of aggregate demand by monetary, fiscal and incomes policies. Only in the United States has there been a strong revival of business fixed investment. There, the recovery appears to be reasonably well established, and
    the rate of growth of total output is expected to be of the order of 5% annually in both 1977 and 1978. A summary of the Scottish economic outlook is also provided.
    Original languageEnglish
    Pages (from-to)30
    Number of pages1
    JournalQuarterly Economic Commentary
    Volume3
    Issue number2
    Publication statusPublished - Oct 1977

    Keywords

    • world economic trends
    • British economic performance
    • economic forecasts
    • economic growth
    • Scottish economy
    • unemployment

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