Chapter II. The Home Economy

Anonymous

National Institute Economic Review, 1980, vol. 92, 18-32

Abstract: Since our last forecast a number of events has led us to form a slightly more pessimistic view of the outlook for the UK economy. These factors are principally a somewhat lower forecast for world activity levels as set out in the previous chapter, a steep rise in import prices in the first quarter of 1980, a small increase in the outturn of the current wage round over that previously forecast and a further depression in public expenditure planned in Cmnd 7841 for 1981 below that which we forecast under ‘unchanged policy assumptions’ before the budget.

Date: 1980
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