UK economy
Article Abstract:
The UK economy in 1994 experienced a period of recovery, with output growth estimated at some 4% and inflation remaining low and ending the year at 2.5%. However, a slowdown is evident despite the strength of exports. Consumer spending remains spasmodic, with the housing market showing renewed weakness and new car sales also stagnating. Rising interest rates have dented consumer confidence and any further rises during 1995 will lead to a weakening of the domsetic economy. It is forecast that interest rates will remain at current levels until 1996 when consumer spending should have strengthened.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1995
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UK economy
Article Abstract:
The slowdown in economic growth seen in the UK in 1998 is likely to continue in the first half of 1999. Indeed, the UK economy could even begin to contract. Exports of goods and services will probably not rise by more than 1% in 1999, with income growth set to slow as wage and salary expansion is restricted by falling employment and slowing earnings growth. There is not likely to be a severe recession in 1999, but there is a probability of a technical recession.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: