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The UK economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • The economy will grow by 0.9 per cent this year, and by 1.5 per cent in 2014.

  • Unemployment rate will remain roughly flat at about 8 per cent both this year and next.

  • Consumer price inflation will temporarily rise above 3 per cent this year but will fall back to 2.3 per cent, on average, next year.

  • We expect a slight decline in public sector borrowing this year, to 7.1 per cent of GDP, although even that is only as a result of the change to the accounting treatment of the Asset Purchase Facility.

Type
Forecast Overview
Information
National Institute Economic Review , Volume 224 , May 2013 , pp. F3
Copyright
Copyright © 2013 National Institute of Economic and Social Research

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