Abstract
The recession in non-oil GDP has continued for seven quarters since the last peak in the second quarter of 1990 with output falling by over 4%. There are some signs that domestic demand is beginning to pick up but the recovery is likely to be slow with only weak growth during the remainder of 1992.
Original language | English |
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Pages (from-to) | 6-10 |
Number of pages | 5 |
Journal | Quarterly Economic Commentary |
Volume | 17 |
Issue number | 4 |
Publication status | Published - Jun 1992 |
Keywords
- economic forecasts
- British economy
- UK economic conditions