The Economic Situation

Anonymous

National Institute Economic Review, 1964, vol. 30, 4-29

Abstract: National output, which went up some 7 per cent in the course of 1963, seems likely to rise less than half as fast as this, by about 3 per cent, during 1964—in spite of a continued upsurge in fixed investment. Apart from the expected import increase, this slowingdown can be explained mainly by two things: the failure of exports to rise, and a large increase in consumer prices. Exports have actually been falling this year; the volume of exports of goods and services in the third quarter was just over 2 per cent lower than at the end of 1963 (table 1), and the value in October of exports of goods alone showed virtually no change from the third quarter average.

Date: 1964
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