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At a glance …

The UK economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • • The economy will grow at 1.1 per cent in 1999, but manufacturing output will decline by 0.5 per cent and there is a one in three chance of outright recession.

  • • Cuts in interest rates to 5.75 per cent by the end of 1999 together with higher government spending should sustain continuing growth.

  • • We expect public borrowing to exceed public investment by £236bn over the five years 1997-2001.

  • • The inflation target will be met for the end of 1999.

Type
Articles
Information
National Institute Economic Review , Volume 166 , October 1998 , pp. 2
Copyright
Copyright © 1998 National Institute of Economic and Social Research

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