Summary [April 1977]

Alan A. Carruth, Michael W. Danson, John Duignan, M. E. Glassford, Frank X. Kirwan, David R. F. Simpson, Alison A. Wingfield, Fraser of Allander Institute

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    The initial recovery from the 1974-75 recession in Germany, Japan and the United States has lost much of its momentum. It is likely that the growth of world output and of international trade will be slower in 1977 than i t was last year. Failure of the major countries to agree on co-ordinated action may consign many of the
    European economies to an extended period of stagnation.
    Original languageEnglish
    Pages (from-to)35
    Number of pages1
    JournalQuarterly Economic Commentary
    Issue number4
    Publication statusPublished - Apr 1977


    • Scottish economic trends
    • global economic conditions
    • British economic performance

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