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The Economic Situation

Published online by Cambridge University Press:  26 March 2020

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Extract

In the past two months, the Government has again tightened credit. In the industries producing durable consumer goods, the pressure on resources began to ease early in the year. Investment in stocks probably reached its peak in the first quarter. Since then exports seem to have lost their momentum. If this continues, the growth of demand is likely to slow down. But stagnant exports would leave the balance of payments precarious.

Type
Articles
Information
National Institute Economic Review , Volume 10 , July 1960 , pp. 4 - 17
Copyright
Copyright © 1960 National Institute of Economic and Social Research

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References

note (1) page 4 At the time of going to press the complete official esti mates of national expenditure in the first quarter were not available.

note (1) page 5 Appendix, table 12.

note (2) page 5 Weekly Hansard no. 493, col. 651.

note (3) page 5 National Institute Economic Review, no. 9, May 1960, page 9.

note (1) page 7 The official estimates, used in chart 2, are based on indices of sales by retail shops classified according to their main business. It appears that because furniture shops have been selling domestic appliances on an increasing scale, the indices exaggerate furniture sales and under-estimate sales of appliances.

note (1) page 8 See National Institute Economic Review, no. 7, January 1960, page 27.

note (1) page 12 See ‘Imports and Expansion’, National Institute Economic Review, no. 2, March 1959.

note (1) page 13 National Institute Economic Review, no. 9, May 1960, page 15.

note (2) page 13 National Institute Economic Review, no. 9, May 1960, pages 15-17.

note (1) page 15 Appendix table 24.

note (2) page 16 OEEC seasonal adjustments.

note (1) page 17 See the article ‘Defence expenditure,’ pages 36 and 37.