IDEAS home Printed from https://ideas.repec.org/a/cup/nierev/v218y2011ipf54-f76_9.html
   My bibliography  Save this article

Prospects for the UK Economy

Author

Listed:
  • Kirby, Simon
  • Whitworth, Rachel

Abstract

The economic news flow since the publication of our July Review has been predominately negative, focusing on the deteriorating Euro Area sovereign debt crisis. This has added to further disappointing data on UK domestic activity. Quarterly economic growth has averaged just 0.3 per cent in the first three quarters of 2011 (see figure 1). Anaemic GDP growth is due to both the public and private sectors simultaneously consolidating their balance sheets. Looking ahead, the crisis in the Euro Area will play a central role. We expect the UK economy to expand by 0.9 per cent this year and 0.8 per cent in 2012, before increasing by 2.6 per cent in 2013. This will be the most protracted recovery since the end of the First World War (see figure 2).

Suggested Citation

  • Kirby, Simon & Whitworth, Rachel, 2011. "Prospects for the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 218, pages 54-76, October.
    • Handle: RePEc:cup:nierev:v:218:y:2011:i::p:f54-f76_9
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0027950100015453/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:nierev:v:218:y:2011:i::p:f54-f76_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.