The Scottish economy [April 1980]

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

    Research output: Contribution to journalArticle

    Abstract

    With GDP in the UK likely to fall by between 1% and 3% during 1980, it would be
    unrealistic to expect a substantially different performance in Scotland. Output will fall, and this fall is likely to be concentrated, once more, in the manufacturing sector. At present, three main problems confront manufacturers. Firstly, the strength of sterling is limiting the ability of exporters to compete in international markets and of producers for the domestic market to resist cheap imports in home markets. Other things being equal, one might expect sterling's value to decline gradually during 1980, because of the UK's appreciably higher rate of inflation than its competitors. However, other things are unlikely to be equal. If political tension builds up in the Persian Gulf area, as seems likely, then currencies of those countries which are self-sufficient in energy will inevitably harden.
    LanguageEnglish
    Pages6-30
    Number of pages25
    JournalQuarterly Economic Commentary
    Volume5
    Issue number4
    Publication statusPublished - Apr 1980

    Fingerprint

    Manufacturing sector
    International markets
    Domestic market
    Import
    Currency
    Competitors
    Energy
    Exporters
    Scotland
    Inflation

    Keywords

    • Scottish economic performance
    • Scotland
    • UK economy
    • recession
    • labour market trends
    • employment patterns
    • industrial performance
    • business confidence
    • Scottish gross domestic product (GDP)

    Cite this

    Bell, D. N. F., Emmett, G., Fraser, N., Hamilton, D., Jowett, A., McGilvray, J. W., ... Bell, D. N. F. (Ed.) (1980). The Scottish economy [April 1980]. Quarterly Economic Commentary, 5(4), 6-30.
    Bell, David N.F. ; Emmett, Gary ; Fraser, Neil ; Hamilton, Douglas ; Jowett, Anne ; McGilvray, James W. ; Kirwan, Frank X. ; Moar, Lyle ; Orton, Ian ; Simpson, David R. F. ; Wingfield, A. A. ; Bell, David N.F. (Editor). / The Scottish economy [April 1980]. In: Quarterly Economic Commentary. 1980 ; Vol. 5, No. 4. pp. 6-30.
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    author = "Bell, {David N.F.} and Gary Emmett and Neil Fraser and Douglas Hamilton and Anne Jowett and McGilvray, {James W.} and Kirwan, {Frank X.} and Lyle Moar and Ian Orton and Simpson, {David R. F.} and Wingfield, {A. A.} and Bell, {David N.F.}",
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    Bell, DNF, Emmett, G, Fraser, N, Hamilton, D, Jowett, A, McGilvray, JW, Kirwan, FX, Moar, L, Orton, I, Simpson, DRF, Wingfield, AA & Bell, DNF (ed.) 1980, 'The Scottish economy [April 1980]' Quarterly Economic Commentary, vol. 5, no. 4, pp. 6-30.

    The Scottish economy [April 1980]. / Bell, David N.F.; Emmett, Gary; Fraser, Neil; Hamilton, Douglas; Jowett, Anne; McGilvray, James W.; Kirwan, Frank X.; Moar, Lyle; Orton, Ian; Simpson, David R. F.; Wingfield, A. A.; Bell, David N.F. (Editor).

    In: Quarterly Economic Commentary, Vol. 5, No. 4, 04.1980, p. 6-30.

    Research output: Contribution to journalArticle

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    Bell DNF, Emmett G, Fraser N, Hamilton D, Jowett A, McGilvray JW et al. The Scottish economy [April 1980]. Quarterly Economic Commentary. 1980 Apr;5(4):6-30.