UK economy: slowdown or slump?

Article Abstract:

Economic forecasts on the UK economy have to consider whether the UK is likely to be affected by the economic problems in other parts of the world, especially in the United States (US). The US economy may be affected by economic problems in Latin America. The UK has stronger links with Europe and, so far, it has not been badly affected by the economic crisis in Asia. Analysts suggests that a recession in the UK is unlikely because there is low unemployment and low inflation. Interest rates are predicted to fall to 5.5% by the end of 1999.

Analysis, Economic indicators

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UK economy: summary

Article Abstract:

The United Kingdom economy has seen steady growth since the recession of the early 1990s, and this growth appears to be too high in terms of achieving stable inflation. Labor market earnings growth, at 5.4%, is indicative of this. The Monetary Policy Committee (MPC) of the Bank of England aims to slow growth in order to ease inflationary pressures by easing capacity constraints. There could be a sharper downturn in the UK than is forecast by the MPC, since there has already been a drop in maufacturing output.

Prices, Inflation (Finance), Inflation (Economics)

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