The British economy [March 1992]

Jim Love; Brian Ashcroft; Richard Brooks; Paul Draper; Stewart Dunlop; Kevin Leif; Cliff Lockyer; Eleanor Malloy; Mark McFarland; Peter McGregor; Iain McNicoll; Eric McRory; Roger Perman; Jim Stevens; Kim Swales; Ya Ping Yin; Jim Love; Fraser of Allander Institute

The British economy [March 1992]

Jim Love, Brian Ashcroft, Richard Brooks, Paul Draper, Stewart Dunlop, Kevin Leif, Cliff Lockyer, Eleanor Malloy, Mark McFarland, Peter McGregor, Iain McNicoll, Eric McRory, Roger Perman, Jim Stevens, Kim Swales, Ya Ping Yin, Jim Love (Editor), Fraser of Allander Institute

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Abstract

The recession in non-oil GDP has continued for six quarters with the real value of output falling by just under 4% since the second quarter of 1990. The present
recession is therefore the longest since the Second World War, although the fall is still not as rapid, or as deep, as in the 1979-81 recession where the decline in non-oil
GDP from peak to trough occurred over five quarters and amounted to 6.2%. Considerable uncertainty exists over the course of demand over the next few months, with consumption unlikely to exhibit strong growth. The likely outturn for GDP growth during 1992 is for an increase of no more than 1%. Macroeconomic trends, earnings and productivity, and unemployment levels are also analysed.

Original language	English
Pages (from-to)	6-9
Number of pages	4
Journal	Quarterly Economic Commentary
Volume	17
Issue number	3
Publication status	Published - Mar 1992

Keywords

British economic trends
economic forecasts
economic performance
macroeconomic trends
British GDP
productivity
British labour market conditions
unemployment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Cite this

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title = "The British economy [March 1992]",

abstract = "The recession in non-oil GDP has continued for six quarters with the real value of output falling by just under 4% since the second quarter of 1990. The presentrecession is therefore the longest since the Second World War, although the fall is still not as rapid, or as deep, as in the 1979-81 recession where the decline in non-oilGDP from peak to trough occurred over five quarters and amounted to 6.2%. Considerable uncertainty exists over the course of demand over the next few months, with consumption unlikely to exhibit strong growth. The likely outturn for GDP growth during 1992 is for an increase of no more than 1%. Macroeconomic trends, earnings and productivity, and unemployment levels are also analysed.",

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T1 - The British economy [March 1992]

AU - Love, Jim

AU - Ashcroft, Brian

AU - Brooks, Richard

AU - Draper, Paul

AU - Dunlop, Stewart

AU - Leif, Kevin

AU - Lockyer, Cliff

AU - Malloy, Eleanor

AU - McFarland, Mark

AU - McGregor, Peter

AU - McNicoll, Iain

AU - McRory, Eric

AU - Perman, Roger

AU - Stevens, Jim

AU - Swales, Kim

AU - Yin, Ya Ping

AU - Fraser of Allander Institute

A2 - Love, Jim

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N2 - The recession in non-oil GDP has continued for six quarters with the real value of output falling by just under 4% since the second quarter of 1990. The presentrecession is therefore the longest since the Second World War, although the fall is still not as rapid, or as deep, as in the 1979-81 recession where the decline in non-oilGDP from peak to trough occurred over five quarters and amounted to 6.2%. Considerable uncertainty exists over the course of demand over the next few months, with consumption unlikely to exhibit strong growth. The likely outturn for GDP growth during 1992 is for an increase of no more than 1%. Macroeconomic trends, earnings and productivity, and unemployment levels are also analysed.

AB - The recession in non-oil GDP has continued for six quarters with the real value of output falling by just under 4% since the second quarter of 1990. The presentrecession is therefore the longest since the Second World War, although the fall is still not as rapid, or as deep, as in the 1979-81 recession where the decline in non-oilGDP from peak to trough occurred over five quarters and amounted to 6.2%. Considerable uncertainty exists over the course of demand over the next few months, with consumption unlikely to exhibit strong growth. The likely outturn for GDP growth during 1992 is for an increase of no more than 1%. Macroeconomic trends, earnings and productivity, and unemployment levels are also analysed.

KW - British economic trends

KW - economic forecasts

KW - economic performance

KW - macroeconomic trends

KW - British GDP

KW - productivity

KW - British labour market conditions

KW - unemployment

UR - http://www.strath.ac.uk/frasercommentary/

UR - http://www.strath.ac.uk/fraser/

M3 - Article

SN - 0306-7866

VL - 17

SP - 6

EP - 9

JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 3

ER -

The British economy [March 1992]

Abstract

Keywords

UN SDGs

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