Outlook and appraisal [February 1985]

Love, James and Basu, Dipak and Blackhall, John and Draper, Paul and Heeley, John and Jenkins, Iain and Lockyer, Cliff and Love, Jim and McGilvray, Jim and McGregor, Peter and McNicolI, Iain and McVey, Mike and O'Donnell, Noreen and Simpson, David and Stevens, Jim and Tait, Elizabeth and Walker, Jim (1985) Outlook and appraisal [February 1985]. Quarterly Economic Commentary, 10 (3). pp. 1-12. ISSN 2046-5378

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Abstract

During 1984 the British economy maintained the growth rate of 2.5% achieved in the latter part of 1983. Growth in 1984 was depressed by the coal dispute which meant the direct loss of mining income and output and an associated reduction in the overall demand for the output of sectors such as Metal Goods and Mechanical Engineering. Resolution of the miners' dispute in the early part of the year and a full return to work will, with the associated "rebound" in activity, lead to a growth rate for 1985 of around 3 The longer the dispute is prolonged, the closer UK growth to the end of 1985 will approach the underlying rate of about 2.5

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