The world economy [April 1978]

David N. F. Bell, Michael W. Danson, M. E. Glassford, Frank X. Kirwan, James W. McGilvray, A. J. Morton, Alison A. Wingfield, Fraser of Allander Institute, David N. F. Bell (Editor)

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    The more detailed and disaggregated data now available confirm that 1977 was indeed a year of stagnating industrial production and rising unemployment in the
    major world economies with the exception of Japan and the United States. It was the
    year of the financial "recovery" not just in Britain, but also in Italy and France. The
    contractionary stance of both fiscal and monetary policy in late 1975 and through 1976 had the expected effects on financial variables.
    Original languageEnglish
    Pages (from-to)1-2
    Number of pages2
    JournalQuarterly Economic Commentary
    Issue number4
    Publication statusPublished - Apr 1978


    • world economic trends
    • global economic output
    • GDP growth


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