The Economic Situation

Anonymous

National Institute Economic Review, 1982, vol. 101, 3-8

Abstract: For the past eighteen months we have been forecasting that recession would be followed, not by a strong recovery, but by a prolonged phase of sluggish output growth and rising unemployment. Developments since the beginning of this year suggest that our previous assessments, so far from being too pessimistic, may if anything have over-stated the prospects for recovery on unchanged policies, though the abolition of hire purchase controls announced recently should impart a small stimulus in the second half of the year.

Date: 1982
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