The UK Economy

Nigel Pain

National Institute Economic Review, 1994, vol. 147, 7-29

Abstract: In the last few months of 1993 the economic recovery in the UK continued to gather strength and become more broadly based. Signs of some improvement in demand are now apparent in virtually all sectors of the economy and capacity utilisation has begun to rise. Inflationary pressures have however remained modest and the outlook for 1994 is for a further year of steady, if unspectacular, growth with moderate inflation.

Date: 1994
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