Section I. Recent developments and summary of the forecast

Andrew Blake and Garry Young

National Institute Economic Review, 2000, vol. 174, 8-16

Abstract: By the third quarter of this year, the economy had grown for thirty-three consecutive quarters since its trough in the second quarter of 1992. Such a long period of expansion inevitably raises questions about its sustainability. Chart 1 compares the paths for the level of output from the last two business cycle troughs in 1981 and 1992.

Date: 2000
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