Economics, Econometrics and Finance
6 years ago

Global Economic Growth Expected to Remain Sluggish Despite US Investment Uptick.

Quarterly economic commentary
Review of the quarter's economic trends [July 1978]
David Bell, Simon P. Hart, Frank X. Kirwan, James W. McGilvray, A. J. Morton, David R. F. Simpson, Alison A. Wingfield

Paper Summary

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The article reviews economic trends in the first quarter of 1978. Most countries are expected to have slow growth, with no major improvements predicted. Business investment hasn't increased much, except in the US. The British economy is growing quickly, with GDP rising by 1% due to higher consumer spending. Tax changes are expected to keep this trend going. The article looks at recent economic indicators and compares predictions from different forecasting organizations.