Chapter 1. Trends During 1959

Anonymous

National Institute Economic Review, 1960, vol. 7, 4-22

Abstract: Between the end of 1958 and the end of 1959, total national output rose about 5 1/2 per cent; industrial production rose 10 per cent—more than in the previous four-and-a-half years put together. Expansion got under way towards the end of 1958. By then the mild recession that began earlier that year had probably corrected itself. But any spontaneous forces of recovery were greatly accelerated by Government action. Demand began to rise rapidly, stimulated first by the removal of all credit restrictions in the autumn of 1958 and then by the Budget.

Date: 1960
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