The British economy [June 1989]

Brian Ashcroft, Jim Love, Richard Brooks, Neil Dourmashkin, Paul Draper, Stewart Dunlop, Ya Ping Yin, Cliff Lockyer, Eleanor Malloy, Eric McRory, Claire Monaghan, Peter McGregor, Iain McNicolI, Roger Perman, Jim Stevens, Brian Ashcroft (Editor), Jim Love (Editor)

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Despite the concern shown by the financial markets following the publication of the DTI's provisional retail sales figures for May, the balance of the evidence is that the economy is slowing down. What cannot be guaranteed is that the tightening of domestic demand will produce an outturn which has been described as a "soft landing". High earnings growth and the recent marked fall in sterling are likely to push the RPI above earlier expectations and, as base rates edge higher, the prospect of the economy avoiding a recessionary outcome almost certainly diminishes.
Original languageEnglish
Pages (from-to)5-12
Number of pages8
JournalQuarterly Economic Commentary
Issue number4
Publication statusPublished - 1 Jun 1989


  • Fraser of Allander
  • British economic activity
  • British economic conditions


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