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Chapter II. The Home Economy

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  • Anonymous

Abstract

Since our last forecast a number of events has led us to form a slightly more pessimistic view of the outlook for the UK economy. These factors are principally a somewhat lower forecast for world activity levels as set out in the previous chapter, a steep rise in import prices in the first quarter of 1980, a small increase in the outturn of the current wage round over that previously forecast and a further depression in public expenditure planned in Cmnd 7841 for 1981 below that which we forecast under ‘unchanged policy assumptions’ before the budget.

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  • Anonymous, 1980. "Chapter II. The Home Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 92, pages 18-32, May.
    • Handle: RePEc:cup:nierev:v:92:y:1980:i::p:18-32_3
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