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Chapter V. Policies for Faster Growth

Published online by Cambridge University Press:  26 March 2020

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Abstract

The conclusion of the previous analysis is that output at the end of the year may be about 12 per cent higher than in mid-1961, and that fixed capital expenditure will probably have begun to fall. Although the check to home demand should hold down imports, and although external conditions are expected to be unusually favourable to British exports, the balance of payments is unlikely to be good.

Type
Articles
Information
National Institute Economic Review , Volume 19 , February 1962 , pp. 55 - 56
Copyright
Copyright © 1962 National Institute of Economic and Social Research

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References

Note (1) page 55 Miss D. C. Paige, ‘Economic Growth : the Last Hundred Years’, National Institute Economic Review, no. 16, July 1961. See especially page 37, table 7, which shows that in 1959 real product per head was in France 95 per cent, and in Germany 96 per cent, of that in Britain. By 1961 the levels in the three countries must have been about equal.