Hostname: page-component-7479d7b7d-fwgfc Total loading time: 0 Render date: 2024-07-13T21:47:23.068Z Has data issue: false hasContentIssue false
  • English
  • Français

Recent UK Growth: A Comparison with France, Germany and the US

Published online by Cambridge University Press:  26 March 2020

Ray Barrell ,
Robert Metz  and
Rebecca Riley
Get access Rights & Permissions [Opens in a new window]

Extract

During the second half of the 1990s the UK economy enjoyed a sustained period of strong and stable growth. Since then the slowdown in the world economy that accompanied the collapse in equity markets has served until recently to moderate growth both domestically and abroad. But, in comparison to other major economies, the UK has so far emerged relatively unscathed. This could be the result of good fortune, well directed stabilisation policies or reformed institutions. Part at least of the relatively good growth performance displayed by the UK economy comes from stronger domestic demand. It is of course difficult to disentangle strong demand growth from the impacts on income of improved supply performance. We attempt to isolate those elements that are most clearly demand side stimulants.

Type
Articles
Information
National Institute Economic Review , Volume 187 , January 2004 , pp. 53 - 57
Copyright
Copyright © 2004 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barrell, R., Choy, A. and Riley, R. (2003), ‘Consumption and housing wealth in the UK’, National Institute Economic Review, pp. 53–56.CrossRefGoogle Scholar
Barrell, R. and Davis, E.P. (2003), ‘Shocks and shock absorbers: the international propagation of equity market shocks and the design of appropriate policy responses’, Band of Canada Conference on Equity markets and Growth, Ottawa, May.Google Scholar
Barrell, R. and Davis, E.P., ‘Consumption, financial and real wealth in the G-5’, NIESR mimeo.Google Scholar
Barrell, R. and Hurst, A.I. (2003), ‘Benchmarks and targets under the SGP’, National Institute Economic Review, July.Google Scholar
Byrne, J.P. and Davis, E.P. (2003), ‘Disaggregate wealth and aggregate consumption: an investigation of empirical relationships for the G7’, Oxford Bulletin of Economics and Statistics.CrossRefGoogle Scholar
Davis, E.P. (2003), ‘Comparing bear markets - 1973 and 2000’, National Institute Economic Review, 183, pp. 70–81.CrossRefGoogle Scholar