Economics, Econometrics and Finance
6 years ago

US Leads Economic Recovery with 5% Annual Growth Expected.

Quarterly economic commentary
Review of the quarter's economic trends [October 1977]
David Bell, Mike Danson, John Duignan, M. E. Glassford, Frank X. Kirwan, J. McGilvray, David R. F. Simpson, Alison A. Wingfield

Paper Summary

The US economy is doing well with a strong recovery and stable unemployment rates. Real GDP growth is expected to be around 5% annually in 1977 and 1978. The trade balance may be affected by substantial oil imports, leading to a deficit in the balance of payments.

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