The British economy [December 1992]

McFarland, Mark and Ashcroft, Brian and Brooks, Richard and Draper, Paul and Dunlop, Stewart and James, Tony and Lockyer, Cliff and Love, Jim and Malloy, Eleanor and McGregor, Peter and McRory, Eric and O'Brien, Vanessa and Stevens, Jim and Swales, Kim and Yin, Ya Ping, Fraser of Allander Institute (1992) The British economy [December 1992]. Quarterly Economic Commentary, 18 (2). pp. 5-8. ISSN 0306-7866

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This brief paper analyses the latest economic data and shows that despite the measures announced in the Autumn Statement the recession is likely to continue into 1993. Moreover, the government's current policy stance appears to be running the risk of returning the economy back to a stop-go cycle with damaging consequences for medium to long-term growth.