Chapter I. The Home Economy

Anonymous

National Institute Economic Review, 1985, vol. 113, 5-19

Abstract: Sterling appreciated sharply between early May and late July. As compared with our May forecast, which assumed the effective index would be about 9 per cent lower than it is currently, our present forecast illustrates the typical effects of a higher exchange rate. The outlook for inflation is improved. Exports are now expected to be lower and consumer spending higher than in our last forecast, a switch in demand particularly unfavourable to manufacturing.

Date: 1985
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