search query: @indexterm BUSINESS CYCLES / total: 529
reference: 239 / 529
| Author: | Smith, D. |
| Title: | What goes up must come down |
| Journal: | Management Today
1997 : 9, p. 26-31 |
| Index terms: | MANAGEMENT BUSINESS CYCLES HISTORY |
| Language: | eng |
| Abstract: | Economies are delicate mechanisms. Run them within the usual tolerances and they can give little trouble for years on end. But allow them to become dangerously unbalanced and the risks of a breakdown - a recession - multiply. The story of the British economy during 1997 has been one of growing imbalance. On the one hand, there is strong consumer sector, buoyed up by rising incomes and the added bonus of building society demutualisation windfalls. On the other, there is the producing sector , and in particular manufacturing, struggling against the burden of a strongly rising pound. |
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