The British economy [June 1991]

Fraser of Allander Institute

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Abstract

This brief article provides an analysis of key British economic trends based on recent data. GDP has now fallen for three successive quarters but at a diminishing rate. Leading indicators suggest the likelihood of a recovery in the third quarter of 1991.
However, the present weakness of manufacturing and services - partially masked by buoyancy in the energy sector - weak consumer demand constrained by a
stagnant housing market, weak investment and weak export performance, suggest that the upturn, if it occurs at that time, is unlikely to be vigorous and could be one
of several "false dawns".
Original languageEnglish
Pages (from-to)6-9
Number of pages4
JournalQuarterly Economic Commentary
Volume16
Issue number4
Publication statusPublished - 1991

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Keywords

  • British economic trends
  • economics
  • British economic performance
  • GDP growth

Cite this

Fraser of Allander Institute (1991). The British economy [June 1991]. Quarterly Economic Commentary, 16(4), 6-9.