The UK economy [March 2004]

Kenneth Low

The UK economy [March 2004]

Kenneth Low

Economics

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Abstract

The US is driving world growth with very strong growth in the domestic economy. The dollar has depreciated significantly and this is boosting US growth. The decline of the dollar cannot continue indefinitely however and we are forecasting that this will reverse when US employment data picks up and remains relatively robust. This is likely to be towards the end of this year. China continues to provide a strong stimulus to world economic growth and Japanese economic performance is much stronger than expected. The Euro Area continues to be slow with very weak domestic demand. Germany and Italy are now out of recession and we do not expect the Euro Area to pick up until 2005.

Original language	English
Pages (from-to)	12-13
Number of pages	2
Journal	Quarterly Economic Commentary
Volume	29
Issue number	1
Publication status	Published - 31 Mar 2004

Keywords

UK economic performance
UK economic output
economic forecasts

UN SDGs

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

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FEC_29_1_2004_LowK_UK_economyFinal published version, 276 KBLicence: Strath_1

Cite this

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KW - UK economic output

KW - economic forecasts

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The UK economy [March 2004]

Abstract

Keywords

UN SDGs

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