The UK economy

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National Institute Economic Review, 2013, vol. 224, issue 1, F3-F3

Abstract: The economy will grow by 0.9 per cent this year, and by 1.5 per cent in 2014. Unemployment rate will remain roughly flat at about 8 per cent both this year and next. Consumer price inflation will temporarily rise above 3 per cent this year but will fall back to 2.3 per cent, on average, next year. We expect a slight decline in public sector borrowing this year, to 7.1 per cent of GDP, although even that is only as a result of the change to the accounting treatment of the Asset Purchase Facility.

Date: 2013
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