 Prospects for the UK EconomySimon Kirby, Ray Barrell and Rachel Whitworth National Institute Economic Review, 2010, vol. 214, F41-F60 Abstract: The UK economy has now enjoyed four consecutive quarters of expansion. Indeed GDP growth reached 1.2 per cent in the second quarter of this year, the fastest rate of growth in over a decade. The National Institute's estimate of monthly GDP suggests that the economy continued to expand in the third quarter of this year, but at a more modest pace of 0.5 per cent (see figure 1). Such a slowdown should not have come as a surprise. Persistently strong growth is unlikely in an economy where household balance sheets are still undergoing repair, funding channels to business remain impaired and the public sector is embarking on a significant programme of fiscal consolidation. However, we continue to think the chances of negative output growth in 2011 are about one in five and hence a double dip recession is unlikely. Date: 2010 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:214:y:2010:i::p:f41-f60_9 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. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.