Abstract
With the provisional estimate of a 0.3% increase in GDP in the third quarter the recession has technically come to an end. However, the upturn is very weak and hesitant. The rate of recovery over the next two quarters will be largely governed by the extent to which consumers raise spending by taking on new credit.
Original language | English |
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Pages (from-to) | 6-9 |
Number of pages | 4 |
Journal | Quarterly Economic Commentary |
Volume | 17 |
Issue number | 2 |
Publication status | Published - Dec 1991 |
Keywords
- British economic trends
- economic forecasts
- United Kingdom
- UK macroeconomic trends
- labour market conditions