Picture of rolled up £5 note

Open Access research that shapes economic thinking...

Strathprints makes available scholarly Open Access content by the Fraser of Allander Institute (FAI), a leading independent economic research unit focused on the Scottish economy and based within the Department of Economics. The FAI focuses on research exploring economics and its role within sustainable growth policy, fiscal analysis, energy and climate change, labour market trends, inclusive growth and wellbeing.

The open content by FAI made available by Strathprints also includes an archive of over 40 years of papers and commentaries published in the Fraser of Allander Economic Commentary, formerly known as the Quarterly Economic Commentary. Founded in 1975, "the Commentary" is the leading publication on the Scottish economy and offers authoritative and independent analysis of the key issues of the day.

Explore Open Access research by FAI or the Department of Economics - or read papers from the Commentary archive [1975-2006] and [2007-2018]. Or explore all of Strathclyde's Open Access research...

The UK economy [July 2005]

Low, Kenneth (2005) The UK economy [July 2005]. Quarterly Economic Commentary, 30 (2). pp. 13-14. ISSN 0306-7866

[img]
Preview
PDF (FEC_30_2_2005_LowK2)
FEC_30_2_2005_LowK2.pdf
Final Published Version
License: Unspecified

Download (172kB) | Preview

Abstract

The consensus forecasts for the main UK economic indicators taken from a monthly survey by HM Treasury of City and other independent forecasters are presented in Table 1. Real GDP growth was 3.2 per cent in 2004 and is forecast to be 2.5 per cent in 2005 and 2.4 per cent in 2006. Inflation (whether measured by CPI or by RPIX) remains on target and both are forecast to be close to target over the period.