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Prospects for the Uk Economy

Published online by Cambridge University Press:  26 March 2020

Ray Barrell  and
Simon Kirby
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Extract

The UK economy has perhaps reached its most precarious position in over a decade because of global financial market developments. It is all but undeniable that GDP growth reached its zenith in 2007. The UK has been reasonably adept at weathering previous global storms over those ten years, partly through the fortuitous use of fiscal policy. However, the unfolding news on the current shocks to the UK economy suggests that they will be more difficult to offset than others seen since 1997.

Type
Articles
Information
National Institute Economic Review , Volume 204 , April 2008 , pp. 43 - 60
Copyright
Copyright © 2008 National Institute of Economic and Social Research

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Footnotes

The production of this forecast is supported by the Institute's Corporate Members: Abbey plc, Bank of England, Barclays Bank plc, Ernst and Young LLP, Marks and Spencer plc, The National Grid Company plc, Nomura Research Institute Europe Ltd, Rio Tinto plc, Unilever plc and Watson Wyatt LLP.

References

Barrell, R. and Holland, D. (2007), ‘Banking crises and economic growth’, National Institute Economic Review, 202, pp. 34–41.CrossRefGoogle Scholar
Barrell, R. and Holland, D. (2008), ‘Risk and the UK exchange rate’, National Institute Economic Review, 203, pp. 54–6.CrossRefGoogle Scholar
Barrell, R. and Pomerantz, O. (2008), ‘Oil prices and world inflation’, National Institute Economic review, 203, pp. 31–4.CrossRefGoogle Scholar
Thwaites, G. and Wood, R. (2003), ‘The measurement of house prices’, Bank of England Quarterly Bulletin, 43, 1, pp. 38–46.Google Scholar