IDEAS home Printed from https://ideas.repec.org/a/cup/nierev/v55y1971ip22-37_3.html
   My bibliography  Save this article

Chapter II. The Forecast to 1972

Author

Listed:
  • Anonymous

Abstract

After rising slightly between the second and third quarters, output in the economy as a whole seems to have stagnated in the fourth quarter. Because of the dip in the first quarter of the year, however, output in the second half of the year as a whole may have been 2½–3 per cent up on the first half (at annual rates). The course of the industrial production index has been affected by strike activity, making it more difficult to use as a base for estimating GDP. But taking the average of the three months' figures in the fourth quarter (there were erratic movements month to month), and comparing it with values for base periods less affected by strikes than was the third quarter, gives a figure for GDP which suggests that output in the economy as a whole was stagnant in the last six months of 1970. The recent rise in unemployment is consistent with this picture.

Suggested Citation

  • Anonymous, 1971. "Chapter II. The Forecast to 1972," National Institute Economic Review, National Institute of Economic and Social Research, vol. 55, pages 22-37, February.
    • Handle: RePEc:cup:nierev:v:55:y:1971:i::p:22-37_3
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0027950100021554/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:nierev:v:55:y:1971:i::p:22-37_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.