The Economic Situation: Annual Review

Anonymous

National Institute Economic Review, 1962, vol. 19, 4-18

Abstract: The dividing line in recent economic trends came in the middle of 1960 when the short sharp burst of expansion in the British economy stopped. Since then, there has been little further growth. There was no increase in real demand in the second half of 1960, a rise in the first half of 1961, and a downturn in the second half. It is too early to say for certain how big this last fall was; but—allowing for seasonality—it probably left demand and output at the end of 1961 less than 1 per cent higher than they had been eighteen months earlier (table 1 and chart 1).

Date: 1962
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