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Section II. The forecast in detail

Published online by Cambridge University Press:  26 March 2020

Extract

We estimate that in the third quarter of 1999, output grew by 0.8 per cent. Within this total, household consumption is also forecast to have grown at 0.8 per cent, with higher growth of 1.4 per cent in government consumption. Fixed investment is forecast to have risen by 1.6 per cent and these, together with slightly less destocking than in the second quarter, contribute to a 1.4 per cent increase in domestic demand. This is expected to have been offset by a further negative contribution from net trade with strong growth in imports, especially services, offsetting the growth of exports.

Type
The UK economy
Copyright
Copyright © 1999 National Institute of Economic and Social Research

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