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- Title
PROSPECTS FOR THE UK ECONOMY.
- Authors
Barrell, Ray; Choy, Amanda; Kirby, Simon; Metz, Robert; Pomerantz, Olga
- Abstract
The article discusses the economic conditions in Great Britain. Great Britain's economy decelerated in the second half of 2004 and into the first quarter of 2005, whereas the economic forecasts had indicated a more robust outcome for the second half of 2004, with greater momentum carrying over into 2005. The preliminary estimate of gross domestic product suggests that the below-trend growth continued into the second quarter of 2005. In the first quarter of 2005, total employee compensation rose by 1.5 per cent, within which the wages and salaries component has been driven by higher bonus payments.
- Subjects
UNITED Kingdom; ECONOMIC conditions in Great Britain; ECONOMIC forecasting; GROSS domestic product; ECONOMIC indicators; ECONOMIC trends
- Publication
National Institute Economic Review, 2005, Vol 193, p37
- ISSN
0027-9501
- Publication type
Article
- DOI
10.1177/0027950105058552