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Prospects for the UK Economy

Published online by Cambridge University Press:  26 March 2020

Ray Barrell ,
Amanda Choy ,
Simon Kirby  and
Rebecca Riley
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Extract

GDP growth remained below trend into the second half of this year. Early estimates of GDP show the economy expanding by 0.4 per cent in the third quarter of the year, similar to the rate we projected when constructing the forecast. The economy has now expanded at a rate below 0.6 per cent for five consecutive quarters (chart 1), and this is now affecting the annual figures. Our forecast shows GDP growth this year at 1.7 per cent. This is the weakest growth rate observed in the past decade in a single calendar year.

Type
Articles
Information
National Institute Economic Review , Volume 194 , October 2005 , pp. 34 - 53
Copyright
Copyright © 2005 National Institute of Economic and Social Research

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References

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