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The Economic Situation

Published online by Cambridge University Press:  26 March 2020

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Extract

This appraisal of the economic situation was prepared before the Chancellor's measures announced on 25 July. The effects of these measures, and the modifications to the economic prospects for demand, are discussed on pages 15 and 16.

Type
Articles
Information
National Institute Economic Review , Volume 16 , July 1961 , pp. 4 - 14
Copyright
Copyright © 1961 National Institute of Economic and Social Research

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References

(1) Many of the series used in the index of production repre sent deliveries, not output. In a period when work in progress is increasing, deliveries might well increase less than actual output and the production figures may be substantially underestimated.

(1) Defined as final expenditure minus stock accumulation.

(1) In a statement by Mr. Douglas Dillon of the US Treasury (The Times, 26 June 1961).