Chapter I. The Home Economy

Anonymous

National Institute Economic Review, 1984, vol. 109, 5-20

Abstract: There were three forces behind the expansion that got underway last year. There was a burst of consumer spending, probably because inflation was falling and credit more easily obtainable. Fixed investment rose, chiefly because housebuilding was stimulated by lower interest rates and public investment increased. And there was a changeover from a substantial decumulation of stocks to moderate accumulation.

Date: 1984
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