 The UK EconomyNational Institute Economic Review, 1993, vol. 143, 8-26 Abstract: Last year again proved a disappointing one for the UK economy with GDP declining by around 3/4 per cent, although activity does appear to have stabilised over the course of the year with some continuing weakness in domestic demand in the fourth quarter being offset by more favourable trading conditions in export markets. Since our last forecast in November little has happened to change our view as to how the economy will develop over the coming months. Domestic activity should be buttressed by the recent relaxation in monetary policy, allowing a moderate export-led recovery to get underway. However, conflicting signals as to the state of the economy may appear for some while since it is to be expected that the full impact of the recent reductions in interest rates will take some time to materialise. Date: 1993 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:143:y:1993:i::p:8-26_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. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.