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Review of the UK economy in 2002

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journal contribution
posted on 21.11.2005, 15:49 authored by Paul Turner
In this article we will look at how the UK economy has performed over the past year and put this in the context of events in the world economy. This year has seen lower than average growth in the UK economy. In the short term this may cause problems for the government’s fiscal strategy in that tax receipts look set to fall at a time when expenditure is planned to increase. However, there are signs that the worst of the slowdown may be over and that output growth will pick up in the coming year. Inflation has remained below its target rate throughout the year and unemployment has continued to fall.

History

School

  • Business and Economics

Department

  • Economics

Pages

76593 bytes

Citation

TURNER, P., 2002. Review of the UK economy in 2002. Economic Review, 20(4)

Publisher

© Phillip Allan Updates

Publication date

2002

ISSN

0265-0290

Language

en

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Keywords

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