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The UK economy
Published online by Cambridge University Press: 26 March 2020
• The economy will grow by 3.2 per cent in 2000 and 2.3 per cent in 2001.
• Manufacturing will enjoy its best year since 1994, with output expanding by 2.4 per cent in 2000.
• Inflation will stay just below the government's 2.5 per cent target in 2000 and 2001.
• The current account deficit will widen to £17 billion in 2001.
• The Prime Minister's new objective to raise health spending as a proportion of GDP to the EU average by 2005 can be met without breaking the golden rule.