Chapter I. The Home Economy

Anonymous

National Institute Economic Review, 1988, vol. 125, 6-22

Abstract: Comparing the first half of this year with the first half of 1987, domestic demand rose very rapidly, probably by about 8 per cent. Consumer spending, after accelerating for some years, had reached a rate of growth of around 6 per cent. This was now reinforced by a sharp rise in expenditure on fixed investment, which may have been about 10 per cent over this period. This surge in demand was met by a good response from domestic supply, gross domestic product rising by about 5 per cent. But at the same time the boom conditions contributed to a significant deterioration in the balance of payments. A small surplus on current account in the first half of last year has been turned into a deficit at an annual rate of about £11 billion.

Date: 1988
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:125:y:1988:i::p:6-22_2

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().