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United Kingdom: increasing disequilibria

Author

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  • Oscar-Erich Kuntze

Abstract

The UK economy grew strongly in 2000, boosted by the expansion in the services sector. Real GDP increased by 3%. On the labour market the situation remains tense with average unemployment for the year at 5.6%. Consumer prices were 0.8% higher than in 1999. In 2001, real GDP will only grow by about 2%. Average consumer price increases for the year will be ca. 1¼%, and the unemployment rate will stand at about 5¼%. In 2002, the economy will recover, with GDP expanding by about 2½% and the unemployment rate remaining at the previous-year level.

Suggested Citation

  • Oscar-Erich Kuntze, 2001. "United Kingdom: increasing disequilibria," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(14), pages 44-50, October.
  • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:14:p:44-50
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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