The Economic Situation: Chapter I. The Home Economy

Anonymous

National Institute Economic Review, 1967, vol. 40, 4-13

Abstract: This reassessment of the economic situation and prospects does not have to be a long one. There was no reflation in the Budget, and nothing has happened to alter the main framework of the forecast for national output published three months ago. In our view, in the absence of policy changes, output during 1967 will be rising at a rate around 2 per cent a year. (The rise, comparing the two calendar years, will be much less than this—perhaps about 1 per cent.) Unless there has been a sharp downward break in the trend of underlying productivity observed in recent years, this output forecast implies that unemployment will be rising perhaps by 8-10 thousand a month (wholly unemployed, seasonally adjusted).

Date: 1967
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:40:y:1967:i::p:4-13_2

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().