United Kingdom: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

March 8, 2005

Preview Citation

Format: Chicago

United Kingdom: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom, (USA: International Monetary Fund, 2005) accessed September 27, 2024

Summary

This 2004 Article IV Consultation highlights that United Kingdom’s real GDP growth is estimated at about 3 percent in 2004 and is expected to stay stable at about 2½ percent in 2005–06, in line with potential growth. Domestic demand remains the key driver of growth, underpinned by continued strong earnings growth and robust corporate profitability. Inflation expectations remain well anchored. Rising import prices are expected to push inflation toward the 2 percent target over the coming 2–3 years.

Subject: Fiscal policy, Housing prices, Import prices, Inflation, Inflation targeting, Labor, Monetary policy, Prices

Keywords: Authority, CR, Global, Government expenditure growth, Headline CPI inflation, Housing prices, Import prices, Inflation, Inflation targeting, ISCR, Monetary policy, Payment systems oversight report, Reform agenda, UK well

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/080
Stock No:

1GBREA2005001
ISBN:

9781451814279
ISSN:

1934-7685

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