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UK Economy Forecast

Published online by Cambridge University Press:  26 March 2020

Ray Barrell ,
Simon Kirby  and
Rebecca Riley
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Extract

Following a period of weakness, economic growth has been sustained for three quarters only a little below trend and appears to be gaining momentum (figure 1). We expect to see a further acceleration in growth, resulting in growth per annum of 2½ per cent this year and 2¾ per cent per annum in 2007 and 2008. Robust growth ahead is supported by the strength of external demand and small improvements in UK competitiveness. Demand is also supported by sharp rises in equity prices over the recent past. On the supply side, strong labour force growth is central to the near-term outlook.

Type
Articles
Information
National Institute Economic Review , Volume 196 , 01 April 2006 , pp. 40 - 59
Copyright
Copyright © 2006 National Institute of Economic and Social Research

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Footnotes

The production of this forecast is supported by the Institute's Corporate Members: Abbey plc, Bank of England, Barclays Bank plc, Ernst and Young LLP, Marks and Spencer plc, The National Grid Company plc, Nomura Research Institute Europe Ltd, Rio Tinto plc, Unilever plc and Watson Wyatt LLP.

References

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