The Scottish economy [October 1976]

Alan A. Carruth; Michael W. Danson; Fraser of Allander Institute; A. A. Wingfield

The Scottish economy [October 1976]

Alan A. Carruth, Michael W. Danson, Fraser of Allander Institute, A. A. Wingfield

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Abstract

In the July Commentary we suggested that the slow recovery in Scottish economic activity then under way would begin to fade early in 1977. Among the forces we saw to be stimulating that recovery were overseas exports, stock building, and the acceleration of manufacturing production in the rest of the UK. Factors working against recovery included public expenditure cuts, and stagnating consumer spending as real incomes fell. Events since July have suggested a dramatic weakening of the positive factors,and a strengthening of the influences depressing both demand and supply. We now think that aggregate output will at best show no more than a modest increase in the next six months.

Original language	English
Pages (from-to)	7-22
Number of pages	16
Journal	Quarterly Economic Commentary
Volume	2
Issue number	2
Publication status	Published - Oct 1976

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 15 Life on Land

Keywords

Scottish economic trends
economic conditions
Scottish labour market conditions
industrial performance
business confidence
unemployment patterns

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title = "The Scottish economy [October 1976]",

abstract = "In the July Commentary we suggested that the slow recovery in Scottish economic activity then under way would begin to fade early in 1977. Among the forces we saw to be stimulating that recovery were overseas exports, stock building, and the acceleration of manufacturing production in the rest of the UK. Factors working against recovery included public expenditure cuts, and stagnating consumer spending as real incomes fell. Events since July have suggested a dramatic weakening of the positive factors,and a strengthening of the influences depressing both demand and supply. We now think that aggregate output will at best show no more than a modest increase in the next six months.",

keywords = "Scottish economic trends, economic conditions, Scottish labour market conditions, industrial performance, business confidence, unemployment patterns",

author = "Bell, \{David N. F.\} and Carruth, \{Alan A.\} and Danson, \{Michael W.\} and McGilvray, \{James W.\} and Simpson, \{David R. F.\} and \{Fraser of Allander Institute\} and Wingfield, \{A. A.\}",

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T1 - The Scottish economy [October 1976]

AU - Bell, David N. F.

AU - Carruth, Alan A.

AU - Danson, Michael W.

AU - McGilvray, James W.

AU - Simpson, David R. F.

AU - Fraser of Allander Institute

AU - Wingfield, A. A.

PY - 1976/10

Y1 - 1976/10

N2 - In the July Commentary we suggested that the slow recovery in Scottish economic activity then under way would begin to fade early in 1977. Among the forces we saw to be stimulating that recovery were overseas exports, stock building, and the acceleration of manufacturing production in the rest of the UK. Factors working against recovery included public expenditure cuts, and stagnating consumer spending as real incomes fell. Events since July have suggested a dramatic weakening of the positive factors,and a strengthening of the influences depressing both demand and supply. We now think that aggregate output will at best show no more than a modest increase in the next six months.

AB - In the July Commentary we suggested that the slow recovery in Scottish economic activity then under way would begin to fade early in 1977. Among the forces we saw to be stimulating that recovery were overseas exports, stock building, and the acceleration of manufacturing production in the rest of the UK. Factors working against recovery included public expenditure cuts, and stagnating consumer spending as real incomes fell. Events since July have suggested a dramatic weakening of the positive factors,and a strengthening of the influences depressing both demand and supply. We now think that aggregate output will at best show no more than a modest increase in the next six months.

KW - Scottish economic trends

KW - economic conditions

KW - Scottish labour market conditions

KW - industrial performance

KW - business confidence

KW - unemployment patterns

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

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

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VL - 2

SP - 7

EP - 22

JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 2

ER -

The Scottish economy [October 1976]

Abstract

UN SDGs

Keywords

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