Introduction
I. Recent trends
-A. The economy in 1976
-B. The economy in 1977
--Domestic demand
--Imports and foreign demand
--Prices and wages
--The labour market
--Balance of payments
--A digression on the terms of trade
II. Economic policy
-Background
-Public finance
-Monetary policy
-Price and income policies
-Other aspects of policy
-The 1978 policy stance
III. Short-term prospects and policy considerations
-Short-term prospects
-Policy considerations
Annex: Calendar of main economic events
Statistical annex