Prospects for the UK Economy-Reference-Cited by-同舟云学术

Prospects for the UK Economy

Published:2007-10 Issue: Volume:202 Page:42-60
ISSN:0027-9501
Container-title:National Institute Economic Review
language:en
Short-container-title:Natl. Inst. econ. rev.

Author:

Khoman Ehsan,Kirby Simon

Abstract

GDP growth in the second quarter of this year remained robust at a quarterly rate of growth of 0.8 per cent. With revisions to previous quarters, economic growth has been maintained at this rate since the end of 2006. NIESR's monthly estimate of GDP showed this robust growth continuing into the third quarter of this year. The official preliminary estimate confirms the pattern of robust growth continuing into the third quarter of this year (figure 1). In light of this we have revised our forecast for GDP growth this year up from 2.8 per cent to 3.1 per cent. We have revised down our forecast for GDP growth in 2008 from 2.6 to 2.2 per cent. This reflects weaker net trade, with the recent financial turmoil having only a small domestic impact.

Publisher

Cambridge University Press (CUP)

Subject

General Economics, Econometrics and Finance

Link

http://journals.sagepub.com/doi/pdf/10.1177/0027950107086165

Reference9 articles.

1. Kirby, S. , Mitchell, J. and Riley, R. (2007), Evidence submitted to the inquiry into ‘The Economic Impact of Immigration’, conducted by the House of Lords Select Committee on Economic Affairs.

2. Kellaway, M. (2005), ‘Forthcoming Revisions to the Public Sector Finances - Technical Explanatory Note’, available at: www.statistics.gov.uk/about/data/development/downloads/RevPSFexpl.pdf.

3. Evaluating Forecast Uncertainty

4. Forecast Comparisons

5. Barrell, R. , Fitzgerald, J. and Riley, R. (2007), ‘EU enlargement and migration: assessing the macroeconomic impacts’, National Institute Discussion Paper No. 292.