Summary and Appraisal

Anonymous

National Institute Economic Review, 1988, vol. 126, 3-5

Abstract: The growth rate of gross domestic product may well exceed 5 per cent in 1988. Investment demand is now rising very rapidly, reinforcing the strength of consumer spending. Output, in the manufacturing sector at least, is approaching the limits set by capacity. Partly for that reason imports have risen much faster than domestic production and inflation is beginning to accelerate. The authorities have responded by raising interest rates.

Date: 1988
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