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Prospects for the UK Economy

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  • Barrell, Ray
  • Kirby, Simon
  • Metz, Robert

Abstract

Output growth in 2004 was 3.1 per cent, and the preliminary estimate for growth of GDP in the first quarter of 2005 was 0.6 per cent, slightly higher than on our early estimate. Relatively robust growth over the recent past suggests to us that the output gap has now closed, as we can see from chart 2. We anticipate that growth will rise further in the second quarter.

Suggested Citation

  • Barrell, Ray & Kirby, Simon & Metz, Robert, 2005. "Prospects for the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 192, pages 40-54, April.
    • Handle: RePEc:cup:nierev:v:192:y:2005:i::p:40-54_5
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