Economic commentary

Quarterly Bulletin 1978 Q4
Published on 01 December 1978

Most indicators suggest that in recent months the expansion in UK economic activity, which was very marked in the second quarter, has moderated. There has been little change in the rate of inflation, and the current account of the balance of payments has been in rough balance. Growth in sterling M3 has been slightly below the 8%-12% target range; short-term interest rates have risen sharply.

PDFEconomic commentary


Other Quarterly Bulletin 1978 Q4 articles

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