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- Title
The UK economy.
- Abstract
• The economy will grow by only 1.5 per cent in 2011 and 1.8 per cent in 2012.• Consumer price inflation will be 3.8 per cent this year but fall to 1.8 per cent in 2012.• The sharp rise in oil prices will raise inflation by over ½ percentage point in 2011.• Growth over the next two years will come mainly from net trade.• Real disposable income will fall for the second successive year, by 0.8 per cent in 2011.• There is a case for delaying some of the austerity programme but accelerating planned increases in the state pension age.
- Subjects
UNITED Kingdom; ECONOMIC conditions in Great Britain, 1997-; ECONOMIC development; PRICE inflation; INTERNATIONAL trade
- Publication
National Institute Economic Review, 2011, Vol 215, pF3
- ISSN
0027-9501
- Publication type
Article
- DOI
10.1177/0027950111401147