Chapter I. The Home Economy

Anonymous

National Institute Economic Review, 1973, vol. 64, 7-27

Abstract: Preliminary information suggests a further rapid rise in output during the first three months of this year, with final demand (excluding stockbuilding) moving up appreciably faster than in our February forecast. Our own estimate (table 1), based on the movements of industrial production, retail sales and the visible trade returns, is that GDP rose by around 2½ per cent compared with the average level of the second half of 1972. The implied growth rate of the economy is, for the time being, around 6 per cent per annum.

Date: 1973
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