The UK economy

Anonymous

National Institute Economic Review, 2009, vol. 208, 3-3

Abstract: The economy will shrink by 4.3 per cent this year, and then experience a weak recovery, with GDP rising by 0.9 per cent in 2010.The unemployment rate will peak at 9.6 per cent in 2011.Consumer spending will fall by 3.7 per cent this year and a further 1.1 per cent in 2010.The recovery will be driven by net trade, which will contribute 1.2 per cent to GDP growth in both 2010 and 2011.The medium-term outlook for government finances is grim, with public sector net borrowing forecast at 8.6 per cent of GDP in 2013–14

Date: 2009
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