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The UK economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • The economy will contract very slightly (0.1 per cent) this year but grow by 2.3 per cent in 2013.

  • Consumer price inflation will fall back to 2.2 per cent this year and 1.4 per cent in 2013.

  • We expect the cyclically adjusted current budget to return to balance in 2016–17.

  • We expect unemployment to continue to rise this year to about 9 per cent, and to remain elevated thoughout the forecast period.

Type
Other
Information
National Institute Economic Review , Volume 219 , January 2012 , pp. F3
Copyright
Copyright © 2012 National Institute of Economic and Social Research

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