The Economic Situation: Chapter I. The Home Economy

Anonymous

National Institute Economic Review, 1967, vol. 42, 4-19

Abstract: This analysis and forecast for the economy is mainly concerned with the effects of devaluation and the associated measures taken. It begins, therefore, with a separate analysis of these effects. These are then superimposed on the pre-devaluation forecast for 1968. Briefly, this pre-devaluation forecast showed a rise in real gross national product of 3½ per cent between the years 1967 and 1968, and a rather higher rise than this—of nearly 4 per cent—between the fourth quarters of 1967 and 1968. It also showed a ‘basic’ deficit, on current and long-term capital account (including a ‘normal’ balancing item) of £275 million in 1967 and £250 million in 1968.

Date: 1967
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