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At a glance …

The UK economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • • New public expenditure plans will keep interest rates and the exchange rate higher than previously expected.

  • • Public sector net borrowing will run at over 1 per cent of GDP in the next three fiscal years.

  • • The risk of joining EMU at an uncompetitive exchange rate has risen.

  • • The economy will stall in the second half of 1998.

  • • The slowdown will curb inflation which should fall to 2.1 per cent by the end of this year and meet the target of 2.5 per cent in 1999.

Type
Articles
Information
National Institute Economic Review , Volume 165 , July 1998 , pp. 2
Copyright
Copyright © 1998 National Institute of Economic and Social Research

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