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The British economy [December 1990]

Love, Jim and Ashcroft, Brian and Brooks, Richard and Dourmashkin, Neil and Draper, Paul and Dunlop, Stewart and Magee, Lesley and Malloy, Eleanor and Monaghan, Claire and McGregor, Peter and McNicoll, Iain and McRory, Eric and Perman, Roger and Stevens, Jim and Swales, Kim (1990) The British economy [December 1990]. Quarterly Economic Commentary, 16 (2). pp. 7-11. ISSN 0306-7866

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The British economy suffered a sharp deterioration in performance from the middle of the year. The economy is now evidently in recession. The entry of sterling into the ERM at an overvalued central rate against the DM and the almost inevitable prospect of a Gulf war suggest the prospect of zero or negative growth in 1991.