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

Research output: Contribution to journal › Article

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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

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Love, Jim ; Ashcroft, Brian ; Brooks, Richard ; Draper, Paul ; Dunlop, Stewart ; Leif, Kevin ; Lockyer, Cliff ; Malloy, Eleanor ; McFarland, Mark ; McGregor, Peter ; McNicoll, Iain ; McRory, Eric ; Perman, Roger ; Stevens, Jim ; Swales, Kim ; Yin, Ya Ping ; Love, Jim (Editor) ; Fraser of Allander Institute. / The British economy [March 1992]. In: Quarterly Economic Commentary. 1992 ; Vol. 17, No. 3. pp. 6-9.

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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.",

keywords = "British economic trends, economic forecasts, economic performance, macroeconomic trends, British GDP, productivity, British labour market conditions, unemployment",

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

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The British economy [March 1992]. / Love, Jim ; Ashcroft, Brian; Brooks, Richard; Draper, Paul; Dunlop, Stewart; Leif, Kevin; Lockyer, Cliff; Malloy, Eleanor; McFarland, Mark; McGregor, Peter ; McNicoll, Iain; McRory, Eric; Perman, Roger; Stevens, Jim; Swales, Kim; Yin, Ya Ping; Love, Jim (Editor); Fraser of Allander Institute.

In: Quarterly Economic Commentary, Vol. 17, No. 3, 03.1992, p. 6-9.

Research output: Contribution to journal › Article

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AU - Draper, Paul

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AU - Leif, Kevin

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AU - Malloy, Eleanor

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KW - British GDP

KW - productivity

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