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The UK Economy

Published online by Cambridge University Press:  26 March 2020

Marie Sheldon  and
Garry Young
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Extract

After rapid growth throughout the first three quarters of 1997, the UK economy is now expected to slow to the more sedate rate of growth of about 2 per cent per annum. This would be consistent with the maintenance of rough balance between demand and supply thus preventing the build up of inflationary pressure.

Type
Articles
Information
National Institute Economic Review , Volume 162 , October 1997 , pp. 7 - 24
Copyright
Copyright © 1997 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 Martin Weale and Nigel Pain for helpful comments and discussion.