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The UK Economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • • The recovery will continue but it will be sluggish, with GDP growing by 1.6 per cent a year in both 2010 and 2011.

  • • Consumer price inflation will remain surprisingly high in 2011 given the amount of spare capacity, averaging 2.8 per cent during the year.

  • • The squeeze on household budgets will cause consumer spending to stagnate in 2011.

  • • Public-sector net borrowing will fall less than the official forecast, reaching 3.6 per cent of GDP in 2014–15 rather than 2.1 per cent.

Type
Economic Overview
Information
National Institute Economic Review , Volume 214 , October 2010 , pp. F3
Copyright
Copyright © 2010 National Institute of Economic and Social Research

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