The British economy [March 1989]

Brian Ashcroft, Jim Love, Richard Brooks, Neil Dourmashkin, Paul Draper, Stewart Dunlop, Frank Harrigan, John Heeley, Cliff Lockyer, Eleanor Malloy, Claire Monaghan, Peter McGregor, Roger Perman, Jim Stevens, Brian Ashcroft (Editor), Jim Love (Editor)

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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 languageEnglish
Pages (from-to)5-12
Number of pages8
JournalQuarterly Economic Commentary
Issue number3
Publication statusPublished - 1 Mar 1989


  • Fraser of Allander
  • British economic activity
  • British economic conditions


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