Economic growth was checked in the second quarter. After allowing for seasonal movements, the volume of personal consumption fell slightly and exports declined because of the seamen's strike. Imports were also affected by the strike, but they fell less than exports and net receipts from invisibles were lower than in the first quarter, so that the balance of payments on current account deteriorated sharply.
Published on 01 December 1966
Other Quarterly Bulletin 1966 Q4 articles
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