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Prospects for the UK Economy

Published online by Cambridge University Press:  26 March 2020

Simon Kirby ,
Robert Metz  and
Rebecca Riley
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Extract

GDP growth slowed below trend in the second half of last year. At the time of writing, before the initial estimates of GDP growth for the fourth quarter of 2004 are released, we estimate that GDP expanded by 0.4 per cent in the final quarter of last year. The weakness in GDP growth reflects in large part the poor performance of industrial production in the second half of last year.

Type
Articles
Information
National Institute Economic Review , Volume 191 , January 2005 , pp. 37 - 53
Copyright
Copyright © 2005 National Institute of Economic and Social Research

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Footnotes

The production of this forecast is supported by the Institute's Corporate Members: Abbey plc, Bank of England, Barclays Bank plc, Ernst and Young LLP, Marks and Spencer plc, The National Grid Company plc, Nomura Research Institute Europe Ltd, Rio Tinto plc, Unilever plc and Watson Wyatt LLP.

References

Barrell, R., Choy, A. and Riley, R. (2003), ‘Consumption and housing wealth in the UK’, National Institute Economic Review, 186, pp. 53–56.CrossRefGoogle Scholar
Barrell, R., Kirby, S. and Riley, R. (2004), ‘The current position of UK house prices’, National Institute Economic Review, 189, pp. 57–60.CrossRefGoogle Scholar
Pain, N. and Weale, M. (2001), ‘The information content of consumer surveys’, National Institute Economic Review, 178, pp. 44–47.CrossRefGoogle Scholar