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Section I. Recent developments and summary of the forecast

Published online by Cambridge University Press:  26 March 2020

Garry Young
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Extract

The current state of the UK economy is arguably as good as it has been for thirty years. Unemployment and inflation are each at their lowest levels for several years. A ‘misery’ index, derived simply by adding the unemployment and inflation rates is at its lowest point since the late 1960s.

Type
The UK economy
Information
National Institute Economic Review , Volume 170 , October 1999 , pp. 8 - 14
Copyright
Copyright © 1999 National Institute of Economic and Social Research

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Footnotes

∗

The forecast was compiled using the latest version of the National Institute Domestic Econometric Model. I am grateful to Ray Barrell, Richard Kneller, Nigel Pain, Rebecca Riley and Martin Weale for comment and discussion.