Changes in economic balance

Though 1976 brought some moderation in the imbalances that had characterized the world economy in 1974–1975 s many of the underlying problems remained. Costs and prices continued to rise rapidly in most of the market economies and at the end of the year many ~ almost half the developed countries and over half the developing countries — were still suffering from what had come to be known as “double digit” inflation. At the same time unemployment was generally higher in 1976 than in 1975 and in almost half the developed market economies more workers were unemployed at the end of 1976 than at the beginning.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action