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EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

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Outlook and appraisal [August 1984]

Kirwan, Frank and Buchanan, Bob and Draper, Paul and Heeley, John and Jenkins, Iain and Love, James and McGilvray, James and McNicolI, Iain and O'Donnell, Noreen and Simpson, David and Stevens, Jim and Walker, Jim (1984) Outlook and appraisal [August 1984]. Quarterly Economic Commentary, 10 (1). pp. 1-16. ISSN 2046-5378

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Abstract

Growth in the British economy came almost to a halt during the first half of this year. As a result , even a speedy resolution of the coal dispute would be unlikely to push the GDP growth rate this year above 2.5 Though much of July's interest rate increase has already been reversed, it is likely to prove more difficult to reverse the effects on the retail price index and thus attain the goal of H.5% inflation at the end of the year. The uncompetitive nature of the housing finance market makes a speedy and full unwinding of the recent rise in mortgage rates unlikely.