The British economy [June 1988]

Brian Ashcroft, Jim Love, Stephen Boyle, Paul Draper, Stewart Dunlop, Frank Harrigan, Cliff Lockyer, Peter McGregor, Iain McNicolI, Roger Perman, David Simpson, Brian Ashcroft (Editor), Jim Love (Editor)

Research output: Contribution to journalArticle

Abstract

The rate of growth of output in the British economy appears to be slowing down in line with earlier expectations for 1988. The rate of growth of domestic demand remains strong. Manufacturing investment is forecast to rise to record levels during 1988 and there is little evidence that the growth in consumer demand is slackening. The slow-down in the rate of growth is therefore largely a reflection of decline in the external demand for exports and buoyant import growth. The progressive upward movement of sterling in recent months and the evidence of increasing inflationary pressure, has placed the Government in a significant policy dilemma. Recent events are a clear illustration that interest rate policy cannot be used both to target the exchange rate and to regulate the expansion of domestic money and credit.
LanguageEnglish
Pages5-11
Number of pages7
JournalQuarterly Economic Commentary
Volume13
Issue number4
Publication statusPublished - 1 Jun 1988

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Consumer demand
Exchange rates
Import
Government
Domestic demand
Interest rate policy
Manufacturing
Credit

Keywords

  • Fraser of Allander
  • Scottish economy
  • British economic conditions

Cite this

Ashcroft, B., Love, J., Boyle, S., Draper, P., Dunlop, S., Harrigan, F., ... Love, J. (Ed.) (1988). The British economy [June 1988]. Quarterly Economic Commentary, 13(4), 5-11.
Ashcroft, Brian ; Love, Jim ; Boyle, Stephen ; Draper, Paul ; Dunlop, Stewart ; Harrigan, Frank ; Lockyer, Cliff ; McGregor, Peter ; McNicolI, Iain ; Perman, Roger ; Simpson, David ; Ashcroft, Brian (Editor) ; Love, Jim (Editor). / The British economy [June 1988]. In: Quarterly Economic Commentary. 1988 ; Vol. 13, No. 4. pp. 5-11.
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Ashcroft, B, Love, J, Boyle, S, Draper, P, Dunlop, S, Harrigan, F, Lockyer, C, McGregor, P, McNicolI, I, Perman, R, Simpson, D, Ashcroft, B (ed.) & Love, J (ed.) 1988, 'The British economy [June 1988]' Quarterly Economic Commentary, vol. 13, no. 4, pp. 5-11.

The British economy [June 1988]. / Ashcroft, Brian; Love, Jim; Boyle, Stephen; Draper, Paul; Dunlop, Stewart; Harrigan, Frank; Lockyer, Cliff; McGregor, Peter; McNicolI, Iain; Perman, Roger; Simpson, David; Ashcroft, Brian (Editor); Love, Jim (Editor).

In: Quarterly Economic Commentary, Vol. 13, No. 4, 01.06.1988, p. 5-11.

Research output: Contribution to journalArticle

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Ashcroft B, Love J, Boyle S, Draper P, Dunlop S, Harrigan F et al. The British economy [June 1988]. Quarterly Economic Commentary. 1988 Jun 1;13(4):5-11.