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The UK Economy
Published online by Cambridge University Press: 26 March 2020
Abstract
• The recovery will continue but it will be sluggish, with GDP growing by 1.6 per cent a year in both 2010 and 2011.
• Consumer price inflation will remain surprisingly high in 2011 given the amount of spare capacity, averaging 2.8 per cent during the year.
• The squeeze on household budgets will cause consumer spending to stagnate in 2011.
• Public-sector net borrowing will fall less than the official forecast, reaching 3.6 per cent of GDP in 2014–15 rather than 2.1 per cent.
- Type
- Economic Overview
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- Copyright © 2010 National Institute of Economic and Social Research