UK overview
Article Abstract:
The United Kingdom is likely to move into recession in 1st half 1999, following slow growth in 4th qtr 1998. The visible trade deficit increased in late 1998, with a drop in exports to countries outside the European Union. Growth in domestic demand has dropped and consumer confidence has been undermined. Job losses are likely to further affect consumer confidence. Low interest rates and low inflation mean that a UK recession is likely to be shallow compared with 1990 to 1991.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1999
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UK overview
Article Abstract:
Economic analysis shows that the United Kingdom economy is in a healthy state after sustaining very slow conditions during the winter of 1998-1999. Low unemployment figures, together with low interest rates, have helped to boost consumer confidence. Evidence suggests that consumer spending rises of around 3% will become apparent in 1999. United Kingdom export trade figures remain poor.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1999
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UK overview
Article Abstract:
The British economy has been affected by the strong value of pound sterling, which means that services are growing more strongly than manufacturing. Household borrowing has risen and government spending has increased, while interest rates are set to rise.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 2000
User Contributions:
Comment about this article or add new information about this topic: