Introduction
I. Recent trends and prospects
-Main features of developments in 1981
-The stance of policies
-Short-term prospects
II. Medium-term policy issues
-Policy orientation since first oil shock
-The role of rigidities
III. Some aspects of adjustment problems in manufacturing
-Characteristics of "sensitive" manufacturing sectors
-Policy measures
IV. Conclusions
Annexes
I. Energy Pricing Agreement
II. Chronology of main economic policy events
Statistical annex