The Economic Situation

Anonymous

National Institute Economic Review, 1965, vol. 34, 4-18

Abstract: The general assessment is basically the same as it was in August—namely that the first quarter of 1965 marked the end of a two-year period of relatively rapid expansion. By the fourth quarter of this year, the level of output will probably prove to be no more than 2 per cent above a year earlier : and 2 per cent a year seems to be about the rate at which output is likely to go on rising during 1966. The forecast, therefore, is for a slowly rising trend in output—not for a recession.

Date: 1965
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