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The UK economy

Published online by Cambridge University Press:  26 March 2020

Richard Kneller  and
Garry Young
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Extract

Over the past three months, the good news about the economy has outweighed the bad and the chance of a very steep recession has receded. The widespread gloom that was evident in the autumn has partly lifted. This is most apparent in equity prices, which are now at record levels. But survey evidence is also beginning to suggest that firms and households are more confident than they were, especially with regard to their own situation.

Type
Articles
Information
National Institute Economic Review , Volume 167 , January 1999 , pp. 8 - 28
Copyright
Copyright © 1999 National Institute of Economic and Social Research

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Footnotes

∗

The forecast was compiled using the latest version of the National Institute Domestic Econometric Model. We are grateful to Nigel Pain, Rebecca Riley and Martin Weale for comment and discussion.