Outlook and appraisal [August 1984]

Frank Kirwan, Bob Buchanan, Paul Draper, John Heeley, Iain Jenkins, James Love, James McGilvray, Iain McNicolI, Noreen O'Donnell, David Simpson, Jim Stevens, Jim Walker, Frank Kirwan (Editor)

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Abstract

Growth in the British economy came almost to a halt during the first half of this year. As a result , even a speedy resolution of the coal dispute would be unlikely to push the GDP growth rate this year above 2.5 Though much of July's interest rate increase has already been reversed, it is likely to prove more difficult to reverse the effects on the retail price index and thus attain the goal of H.5% inflation at the end of the year. The uncompetitive nature of the housing finance market makes a speedy and full unwinding of the recent rise in mortgage rates unlikely.
Original languageEnglish
Pages (from-to)1-16
Number of pages16
JournalQuarterly Economic Commentary
Volume10
Issue number1
Publication statusPublished - 1 Aug 1984

Keywords

  • Fraser of Allander
  • Scottish economic activity
  • Scottish economic outlook

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