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 journalArticle

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.
LanguageEnglish
Pages6-9
Number of pages4
JournalQuarterly Economic Commentary
Volume17
Issue number3
Publication statusPublished - Mar 1992

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Recession
GDP growth
Second World War
Unemployment
Macroeconomics
Productivity
Uncertainty

Keywords

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

Cite this

Love, J., Ashcroft, B., Brooks, R., Draper, P., Dunlop, S., Leif, K., ... Fraser of Allander Institute (1992). The British economy [March 1992]. Quarterly Economic Commentary, 17(3), 6-9.
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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Love, J, Ashcroft, B, Brooks, R, Draper, P, Dunlop, S, Leif, K, Lockyer, C, Malloy, E, McFarland, M, McGregor, P, McNicoll, I, McRory, E, Perman, R, Stevens, J, Swales, K, Yin, YP, Love, J (ed.) & Fraser of Allander Institute 1992, 'The British economy [March 1992]' Quarterly Economic Commentary, vol. 17, no. 3, pp. 6-9.

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 journalArticle

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Love J, Ashcroft B, Brooks R, Draper P, Dunlop S, Leif K et al. The British economy [March 1992]. Quarterly Economic Commentary. 1992 Mar;17(3):6-9.