The British economy [March 1989]

Ashcroft, Brian and Love, Jim and Brooks, Richard and Dourmashkin, Neil and Draper, Paul and Dunlop, Stewart and Harrigan, Frank and Heeley, John and Lockyer, Cliff and Malloy, Eleanor and Monaghan, Claire and McGregor, Peter and Perman, Roger and Stevens, Jim (1989) The British economy [March 1989]. Quarterly Economic Commentary, 14 (3). pp. 5-12. ISSN 2046-5378

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Abstract

Evidence is mixed on whether growth in the economy is beginning to turn down. Nevertheless, the growth of GDP is forecast to fall from last year's high of 4.5% to 2.5% this year. Inflationary expectations are the most immediate cause for concern. But following the Budget there is concern that a relatively restrictive fiscal stance may bear down too heavily on output and employment during the next year.

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