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Prospects for the Uk Economy

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  • Barrell, Ray
  • Kirby, Simon

Abstract

The UK economy has perhaps reached its most precarious position in over a decade because of global financial market developments. It is all but undeniable that GDP growth reached its zenith in 2007. The UK has been reasonably adept at weathering previous global storms over those ten years, partly through the fortuitous use of fiscal policy. However, the unfolding news on the current shocks to the UK economy suggests that they will be more difficult to offset than others seen since 1997.

Suggested Citation

  • Barrell, Ray & Kirby, Simon, 2008. "Prospects for the Uk Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 204, pages 43-60, April.
    • Handle: RePEc:cup:nierev:v:204:y:2008:i::p:43-60_10
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