National Institute Economic Review articles from April 2002

National Institute Economic Review archives from April 2002

The world economy. (At a Glance).(Brief Article)(Statistical Data Included)
April 1, 2002... * The world economy is starting to pick up speed again: by 2003, it will be growing by 3.7 per cent, with world trade expanding by 8.5 per cent a year. * This will prompt rises in interest rates in North America and Europe. * The US...

The UK economy. (At a Glance).(Brief Article)(Statistical Data Included)
April 1, 2002... * After negligible growth in the past six months, the economy will pick up sharply in the second quarter and expand by 0.8 per cent. * Even though recovery is now starting, GDP will grow by only 1.8 per cent in 2002, below the 2-2.5 per...

Commentary.(economic outlook for the U.K.)(Statistical Data Included)
April 1, 2002... Introduction It is now reasonably certain that the recovery to growth rates, both in the United Kingdom and internationally, has started. While growth in the first quarter was below the long-run average, we expect a growth rate of about...

The world economy.(Statistical Data Included)
April 1, 2002... Section I. Recent economic developments It increasingly appears that the decline in global economic activity that set in during the latter half of 2000 has started to come to an end. Trade levels have begun to rise modestly, consumer and...

The UK economy.(Statistical Data Included)
April 1, 2002... The production of this forecast is supported by the Institute's Corporate Members: Arcadia Group plc, Bank of England, Barclays Bank plc, Dixons plc, Ernst and Young LLP, GlaxoSmithKline, INVESCO Europe Ltd, Marks and Spencer plc, Morgan...

The UK and EMU: choosing the regime.
April 1, 2002... The UK has to make a decision on membership of EMU in the next two years. The monetary and fiscal regimes in the Euro Area and in the UK do not differ greatly. However, we argue that membership of EMU will increase the stability of the economy...

Productivity and convergence in the EU.
April 1, 2002... For most of the postwar period both labour and total factor productivity growth in the EU was higher than in the US. The 1990s witnessed a change in this trend with the US experiencing higher growth rates for the first time in decades. This was...

A comparison of balance sheet structures in major EU countries.
April 1, 2002... The UK is commonly viewed as having a 'market oriented' financial system, in contrast to other European countries which are seen as 'bank dominated'. In the light of this supposition, we investigate sectoral balance sheet data for evidence of...

EMU, investment and growth: some unresolved issues.
April 1, 2002... At the heart of the evaluation of the economic costs and benefits of adopting the euro lies the question of whether living standards would be higher outside or inside the Euro Area. It is well established that there is a strong positive...

Main economic events - 2001.
April 1, 2002... January 1 Greece becomes 12th member of EMU. 3 35-hour working week becomes law in France. 3 Sweden takes on EU Presidency. 3 Surprise interest rate cut by US Federal Reserve Bank by 0.5% to 6%. 3 Rolls-Royce wins 20-year...

Gross domestic product. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 1 Gross domestic product [pounds sterling] billion, 1995 prices, seasonally adjusted Final consumption Gross capital expenditure formation ...

Output volumes. (Statistical Appendix).(Statistical Data Included)
April 1, 2002... Table 2 Output volumes Seasonally adjusted 1995=100 GDP at basic prices Production Industries Average Non-oil estimate estimate Manufacturing Oil and gas (a) 1995...

Monthly economic indicators. (Statistical Appendix).(Statistical Data Included)
April 1, 2002... Table 3 Monthly economic indicators Seasonally adjusted GDP (a)(b) Industrial Manu- Retail Unemploy- prod- facturing sales (a) ment rate uction...

CBI industrial trends survey: manufacturing. (Statistical Appendix).(Confederation of British Industry)(Brief Article)(Statistical Data Included)
April 1, 2002... Table 4 CBI Industrial Trends Survey: manufacturing Investment (a) Survey Plant and Business date Buildings machinery optimism (b) Capacity (c) April 1997 -12 13 ...

UK labour market. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 5 UK labour market Thousands Workforce jobs (a) Self Trainess employment & HM forces Total Employee...

Prices. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 6 Prices Seasonally adjusted, 1995=100 National Accounts deflators GDP GDP Consumers' Public Fixed at at expenditure sector...

Companies. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 7 Companies [pounds sterling] million, seasonally adjusted Operating Net Net Taxes on Social surplus property transfers income contributions income ...

Household sector. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 8 Household sector [pounds sterling] million, seasonally adjusted Resources Operating Net proper- Net Social Employee surplus ty income...

Fixed investment and inventories. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 9 Fixed investment and inventories Seasonally adjusted [pounds sterling]million, 1995 prices 1995 = 100 Business investment Housing Manu- Non-manu- Total ...

Financial indicators. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 10 Financial indicators Nominalinterest rates Exchange rates Sterling Base Mortgage (c) 10-year Effetive ...

UK balance of payments. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... UK balance of payments Seasonally adjusted, [pounds sterling] million Total balance of payments Current balance Trade in goods Trade in ...

Exports and imports. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 12 Exports and imports Seasonally adjusted, 1995=100 Total goods Total service Exports Imports Exports Volume ...

Gross product and productivity in in industrial countries and OECD. (Statistical Appendix).(Organization for Economic Cooperation and Development)(Brief Article)(Statistical Data Included)
April 1, 2002... Table 13 Gross product and productivity in in industrial countries and OECD Seasonally adjusted, Index numbers, 1994=100 Gross domesticproduct US Canada Japan France ...

Unemployment in industrial countries and OECD. (Statistical Appendix).(Organization for Economic Cooperation and Development)(Brief Article)(Statistical Data Included)
April 1, 2002... Table 14 Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national definitions US Canada Japan France Germany 1995 ...

Earnings and prices in OECD. (Statistical Appendix).(Organization for Economic Cooperation and Development)(Brief Article)(Statistical Data Included)
April 1, 2002... Table 15 Earnings and prices in OECD Index numbers, 1994=100, seasonally adjusted Average earnings (whole economy) (a) US Canada Japan France Germany 1995 102.0 101.7...

Volume of exports. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Volume of exports (a) Seasonally adjusted Index numbers, 1994=100 World (b) US Canada Japan France Germany 1995 109 112 109 104 110 ...

Current balances and interest rates. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 17 Current balances and interest rates Current balance US $ billion US Canada Japan France Germany UK 1995 -110 -4 114 11 -20 -14...

Volume of imports. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 18 Volume of imports (a) Index numbers, 1994=100 World (b) US Canada Japan France Germany 1995 109 109 107 114 109 107 1996 ...

Competitiveness and commodity prices. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Table 19 Competitiveness and commodity prices Index numbers, 1994=100 Export price ofmanufactures, 1994=100 World (a) Relative to would price (b) US ...

Exchange rates. (Statistical Appendix).(Brief Article)(Statistical Data Included)
April 1, 2002... Exchange rates (a) SDR ECU (b) Gold (c) UK Canada [pounds sterling] C$ US$ per unit Units per ...