General assessment

Quarterly Bulletin 1981 Q3
Published on 01 September 1981

This assessment singles out for discussion a number of issues which arise from recent events. The two economic developments this year of most significance appear to be the levelling-out of the trend of output, after its steep fall during 1980; and the decline in the exchange rate, in place of the rise of the last two years. Some aspects of these two developments call for discussion before considering the evolution of monetary policy.

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