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Summary and Appraisal

Published online by Cambridge University Press:  26 March 2020

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Extract

Economic recovery was checked during the summer and unemployment began to rise again both in North America and in Western Europe. The setback seems, however, to have been due to a large extent to stock movements and will probably prove temporary. We expect total real output in the OECD area to increase by about 52 per cent this year and by 4 1/2–5 per cent in 1977. In 1978 it seems likely that growth will be a good deal slower, notably in the United States. Our preliminary forecast is 3–4 per cent.

Type
Other
Information
National Institute Economic Review , Volume 78 , November 1976 , pp. 3 - 5
Copyright
Copyright © 1976 National Institute of Economic and Social Research

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