The Economic Situation

Anonymous

National Institute Economic Review, 1959, vol. 6, 4-14

Abstract: Industrial expansion continues. The index of production has now risen 7 to 8 per cent in a year ; there are no signs of a labour shortage, the balance of payments surplus is still adequate, and prices are still flat. The initial effects of the Government's expansionary measures are now wearing off and production may rise more slowly—though it should still go on rising. It is unlikely that there will be any need in the coming months for Government action to check the rise in demand.

Date: 1959
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