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The UK Economy

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  • Riley, Rebecca
  • Young, Garry

Abstract

The performance of the UK economy in recent months has continued to be enviable. Inflation is almost exactly equal to the government's target. Economic growth has slowed down to what appears to be a sustainable rate of about ½ per cent per quarter. Unemployment is falling, but at a slower rate than last year. Most spectacularly, government borrowing has fallen to within a billion pounds of a balanced budget.

Suggested Citation

  • Riley, Rebecca & Young, Garry, 1998. "The UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 164, pages 11-29, April.
    • Handle: RePEc:cup:nierev:v:164:y:1998:i::p:11-29_5
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