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Prospects for the UK Economy

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  • Kirby, Simon
  • Barrell, Ray
  • Foley-Fisher, Nathan

Abstract

We expect the economy to contract by 4.4 per cent this year, a prospect which has scarcely changed since our April forecast. Our early estimate suggests that output was stable in the third quarter of this year, after a fall of 0.6 per cent in the second quarter (figure 1). Measured on an annual basis the contraction is only slightly less bad than the 4.6 per cent recorded in 1931.

Suggested Citation

  • Kirby, Simon & Barrell, Ray & Foley-Fisher, Nathan, 2009. "Prospects for the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 210, pages 39-57, October.
    • Handle: RePEc:cup:nierev:v:210:y:2009:i::p:39-57_9
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