 The UK EconomyAndrew Britton, Nigel Pain and Garry Young National Institute Economic Review, 1994, vol. 148, 7-23 Abstract: The growth of output is continuing in the first half of the year at a moderate and steady pace. The preliminary estimate for gross domestic product in the first quarter shows an increase of 0.7 per cent, which is 2.6 per cent on a year earlier (see Chart 1). If oil and gas are excluded the increase is just 2.0 per cent. This rate of growth is not quite in line with the long-term trend, suggesting that little if any of the slack created by the recession has been taken up. The CBI survey of manufacturing and some labour market indicators however would seem to be consistent with a rather more rapid recovery and it is possible that the recent figures for GDP will eventually be revised up. Date: 1994 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:148:y:1994:i::p:7-23_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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