 The UK EconomyNational Institute Economic Review, 1993, vol. 146, 7-29 Abstract: The economic recovery in the UK has now been under way for some eighteen months or so. Although the recovery has thus lasted almost as long as the recession, whole economy output has not yet returned to the pre-recession peak attained in the first half of 1990 (see Chart 1). Recent data and business surveys indicate that the pace of recovery remains moderate, with growth broadly in line with trend levels of 2–2 1/2 per cent per annum. We continue to expect that growth will accelerate a little in the coming months, reflecting the gradual response of the economy to the relaxation in monetary policy over the last two years. 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:146:y:1993:i::p:7-29_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. |
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