 The UK EconomyNational Institute Economic Review, 1996, vol. 157, 11-27 Abstract: Since the beginning of 1995 output has been growing at a quarterly rate of just under ½ per cent, slightly less than most estimates of the trend growth rate that the economy can sustain in the long run. As a consequence, there has been no progress in closing any pre-existing output gap. Over this period, there has been a lack of any domestically generated inflationary pressure. Indeed, if import prices had not risen sharply in 1995, the underlying rate of inflation would have remained below 2½ per cent. Date: 1996 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:157:y:1996:i::p:11-27_3 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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