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The UK Economy

Published online by Cambridge University Press:  26 March 2020

Rebecca Riley  and
Garry Young
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Extract

The performance of the UK economy in recent months has continued to be enviable. Inflation is almost exactly equal to the government's target. Economic growth has slowed down to what appears to be a sustainable rate of about ½ per cent per quarter. Unemployment is falling, but at a slower rate than last year. Most spectacularly, government borrowing has fallen to within a billion pounds of a balanced budget.

Type
Articles
Information
National Institute Economic Review , Volume 164 , April 1998 , pp. 11 - 29
Copyright
Copyright © 1998 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. We are grateful to Marie Sheldon for help with the database and Ray Barrell, Martin Weale and Nigel Pain for helpful comments and discussion.