Abstract
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.
| Language | English |
|---|---|
| Pages | 6-9 |
| Number of pages | 4 |
| Journal | Quarterly Economic Commentary |
| Volume | 17 |
| Issue number | 3 |
| Publication status | Published - Mar 1992 |
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Keywords
- British economic trends
- economic forecasts
- economic performance
- macroeconomic trends
- British GDP
- productivity
- British labour market conditions
- unemployment
Cite this
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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
TY - JOUR
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
PY - 1992/3
Y1 - 1992/3
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
VL - 17
SP - 6
EP - 9
JO - Fraser of Allander Economic Commentary
T2 - Fraser of Allander Economic Commentary
JF - Fraser of Allander Economic Commentary
SN - 2046-5378
IS - 3
ER -