European Parliament Library

United Kingdom :, 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

The U.K. economy is on the mend, but crisis-related scars still need healing. The challenge ahead will be to ensure sustainable recovery and balance sheet repair while remaining flexible to respond to shocks. A highly accommodative monetary stance is required to offset the contractionary impulse from fiscal policy and keep inflation close to target. Risks to this scenario are substantial, and policies will need to adapt if they materialize. The government should continue to fortify fiscal institutions. Efforts should continue to strengthen financial sector health
Table Of Contents
Contents; I. The Economic Agenda; Figures; 1. Real Sector Developments; 2. Behavior of Key Macro Variables Around Recession Times; II. Progress in Rebalancing and Deleveraging; A. Sectoral Adjustments and Evolution of Financial Balances; 3. Financial Position of Households; 4. Labor Market Developments; 5. Residential Housing Markets; 6. Fiscal Developments; 7. External Sector Developments; B. Deleveraging and Macro-Financial Links; 8. Banking Sector Indicators; 9. Credit Market Developments; III. Prospects, Risks, and Spillovers; Boxes; 1. Inward Spillovers to the UK
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (73 p.)
Specific Material Designation
Form Of Item

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