Abstract
Evidence is mixed on whether growth in the economy is beginning to turn down. Nevertheless, the growth of GDP is forecast to fall from last year's high of 4.5% to 2.5% this year. Inflationary expectations are the most immediate cause for concern. But following the Budget there is concern that a relatively restrictive fiscal stance may bear down too heavily on output and employment during the next year.
Original language | English |
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Pages (from-to) | 5-12 |
Number of pages | 8 |
Journal | Quarterly Economic Commentary |
Volume | 14 |
Issue number | 3 |
Publication status | Published - 1 Mar 1989 |
Keywords
- Fraser of Allander
- British economic activity
- British economic conditions