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The UK Economy

Published online by Cambridge University Press:  26 March 2020

Nigel Pain
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Extract

With the uncertainty induced by the prolonged run-up to the general election having come to an end and renewed signs that consumer and business sentiment has begun to improve, it now seems as if the economy is poised to emerge from the recession over the coming months. It may be some while before the evidence of any improvement emerges from the official statistics and it is quite possible that the various monthly sectoral and industrial surveys will continue to give conflicting signals as to the strength of the economy at the present time.

Type
Articles
Information
National Institute Economic Review , Volume 140 , May 1992 , pp. 8 - 25
Copyright
Copyright © 1992 National Institute of Economic and Social Research

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Footnotes

∗

The forecast draws on the work of the whole team engaged in macroeconomic analysis at the Institute. I am grateful to Andrew Britton, Ray Barrell, David Mayes, Peter Westaway and Garry Young for helpful comments and discussions, and to Helen Finnegan for preparing the charts. The forecast was completed on May 11, 1992.