The British economy [December 1991]

Love, Jim and Ashcroft, Brian and Dourmashkin, Neil and Brooks, Richard and Draper, Paul and Dunlop, Stewart and Malloy, Eleanor and McGregor, Peter and McNicoll, Iain and McFarland, Mark and McRory, Eric and Perman, Roger and Swales, Kim and Stevens, Jim and Yin, Ya Ping, Fraser of Allander Institute (1991) The British economy [December 1991]. Quarterly Economic Commentary, 17 (2). pp. 6-9. ISSN 0306-7866

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Abstract

With the provisional estimate of a 0.3% increase in GDP in the third quarter the recession has technically come to an end. However, the upturn is very weak and hesitant. The rate of recovery over the next two quarters will be largely governed by the extent to which consumers raise spending by taking on new credit.

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