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The UK economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • After contracting by 4.3 per cent this year the economy will grow by 1 per cent in 2010.

  • Consumer spending will fall by 3.5 per cent in 2009 and by 1.1 per cent next year.

  • Unemployment will peak at almost 3m or 9.3 per cent of the labour force in spring 2011.

  • House prices will resume their fall, declining in real terms on an annual basis until mid-2012.

  • After running at 12 per cent of GDP in both 2009-10 and 2010-11, public sector net borrowing will fall only gradually to 7.5 per cent by 2013-14.

Type
Articles
Information
National Institute Economic Review , Volume 209 , July 2009 , pp. 3
Copyright
Copyright © 2009 National Institute of Economic and Social Research

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