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Commentary.
October 1, 1997... The Exchange Rate Puzzle
The performance of the economy is beginning to present something of a conundrum. We now expect growth of nearly 3 1/2 per cent this year. Consumption growth has been fast, and probably slightly faster than we were...
The UK economy. (economic forecast for the UK) (includes related articles on long-run monetary policy and exchange rate assumptions and third quarter 1997 industrial production)
October 1, 1997... Section I. Recent Developments and Summary of the Forecast
After rapid growth throughout the first three quarters of 1997, the UK economy is now expected to slow to the more sedate rate of growth of about 2 per cent per annum. This would...
The world economy. (forecast)(includes related article on potential impact of the financial turbulence affecting east Asia)
October 1, 1997... Section I. Prospects for the World Economy
Introduction
Global growth appears to have been relatively strong during the last year. In the Anglo-Saxon world the economic expansion has now lasted six years. Growth in continental...