Abstract
The growth of demand is almost certainly still too high in relation to supply for there to be much improvement in both the rate of inflation and the balance on current account over the next few months. Interest rates are in consequence likely to remain high and at present levels for the remainder of this year, unless a decision to enter the exchange rate mechanism of the EMS is taken within the next few months.
Original language | English |
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Pages (from-to) | 7-12 |
Number of pages | 6 |
Journal | Quarterly Economic Commentary |
Volume | 15 |
Issue number | 4 |
Publication status | Published - Jun 1990 |
Keywords
- UK economic forecasts
- British economic trends
- macroeconomic trends
- labour market conditions
- industrial output
- Britain
- industrial relations
- GDP growth