Hostname: page-component-cd9895bd7-jn8rn Total loading time: 0 Render date: 2024-12-29T07:43:56.586Z Has data issue: false hasContentIssue false
  • English
  • Français

Prospects for the UK Economy

Published online by Cambridge University Press:  26 March 2020

Ray Barrell ,
Amanda Choy ,
Simon Kirby  and
Rebecca Riley
Get access Rights & Permissions [Opens in a new window]

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

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barrell, R., Choy, A. and Riley, R. (2003), ‘Consumption and housing wealth in the UK’, National Institute Economic Review, 186, October.CrossRefGoogle Scholar
Barrell, R., Choy, A., Holland, D. and Riley, R. (2005), ‘The sterling effective exchange rate and other measures of UK competitiveness’, National Institute Economic Review, 191, January.CrossRefGoogle Scholar
Betschart, S., Rohr, R.K., Mosimann, C. and Siepmann, C. (2005), ‘The impact of the increasing international division of labour on Europe's foreign trade’, KOF Working Paper no. 104.Google Scholar
Freeman, D. (2005), ‘The effects of bonuses on earnings growth in 2005’, Labour Market Trends, 113, 9, pp. 367–372.Google Scholar