United Kingdom: Recent Economic Developments

January 2, 1996

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Format: Chicago

United Kingdom: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 25, 2024

Summary

This paper reviews economic developments in the United Kingdom during 1991–95. Following a brisk expansion in 1994, when the economy achieved a rare combination of above-trend output growth and historically low inflation, the pace of economic activity in the United Kingdom has moderated in the course of 1995. Real GDP growth picked up to an annual rate of 4 percent in the first half of 1994, moderating to 3½ percent in the second half. Real GDP growth slowed further to just more than 2 percent in the first half of 1995.

Subject: Budget planning and preparation, Exports, Inflation, Inflation targeting, International trade, Monetary policy, Output gap, Prices, Production, Public financial management (PFM)

Keywords: ADF unit root test, Budget planning and preparation, CR, Exports, GDP ratio, Inflation, Inflation equation, Inflation targeting, ISCR, North America, Output gap, Output gap change, Output gap level

Publication Details

Pages:

122
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/130
Stock No:

1GBREA0011995
ISBN:

9781451814057
ISSN:

1934-7685

Notes

This report on recent economic developments in the United Kingdom was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of the United Kingdom, or the Executive Board of the IMF.

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