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Economic Review, February 2008

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  • Anis Chowdhury

    (Office for National Statistics)

Abstract

Monthly review of economic and labour market trends in the UK.GDP growth continued to grow robustly in 2007 quarter four, although at a slightly slower pace than in quarter three. Growth continued to be driven by the service sector offset by lower manufacturing growth. On the expenditure side, household spending and business investment strengthened in quarter three in comparison with quarter two. The current account deficit and the trade deficit widened in quarter three. The labour market continues to be buoyant in quarter four but average earnings remain relatively subdued. The public sector finance position deteriorated in December 2007. Consumer price inflation was unchanged in December and was above the government's target. Producer output and input price inflation accelerated in December. Economic & Labour Market Review (2008) 2, 6–13; doi:10.1057/elmr.2008.19

Suggested Citation

  • Anis Chowdhury, 2008. "Economic Review, February 2008," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 2(2), pages 6-13, February.
    • Handle: RePEc:pal:ecolmr:v:2:y:2008:i:2:p:6-13
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    Cited by:

    1. Anwar, Sarah. & Islam, Iyanatul,, 2011. "Should developing countries target low, single digit inflation to promote growth and employment," ILO Working Papers 994642503402676, International Labour Organization.
    2. repec:ilo:ilowps:464250 is not listed on IDEAS

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