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.
|Number of pages||8|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - 1 Mar 1989|
- Fraser of Allander
- British economic activity
- British economic conditions