United Kingdom: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for United Kingdom

March 2, 2007

Preview Citation

Format: Chicago

United Kingdom: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for United Kingdom, (USA: International Monetary Fund, 2007) accessed November 26, 2024

Summary

This 2006 Article IV Consultation highlights that macroeconomic performance in the United Kingdom remains impressive. After softer growth in 2005, the acceleration in GDP in 2006 was broadly based. Business investment was boosted by high net rates of return; private consumption by robust employment growth, steady wage growth, and rising household wealth; and exports by the recovery in the euro area. Most indicators suggest little economic slack as of end-2006. The financial sector continues to thrive, and linkages with financial systems in other countries continue to grow.

Subject: Balance of payments, Banking, Current account deficits, Housing prices, Inflation, Inflation targeting, Monetary policy, Prices, Public debt

Keywords: Annex, Asia and Pacific, Committee flexibility, CR, Cross-government value for money saving, Current account deficits, Global, Housing prices, Inflation, Inflation expectation, Inflation targeting, ISCR, Net export, UK well

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/091
Stock No:

1GBREA2007002
ISBN:

9781451814323
ISSN:

1934-7685

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