European Parliament Library

United Kingdom :, Staff Report for the 2012 Article IV Consultation

This 2012 Article IV Consultation reports that the United Kingdom's economic recovery has been sluggish, as the needed hand-off from public to private demand-led growth has not fully materialized. Economic activity is projected to gain modest momentum in future, but the pace of expansion is expected to be weak relative to the scale of underutilized resources. Executive Directors have welcomed the authorities’ efforts aimed at economic rebalancing. However, they have cautioned that a stalling recovery, high unemployment, and uncertain external conditions continue to present significant challenges
Table Of Contents
""Cover""; ""CONTENTS""; ""THE FOCUS OF THE CONSULTATION""; ""RECOVERY HAS STALLED""; ""A. Large Imbalances Have Produced Headwinds for Growth""; ""B. Growth Has Stagnated and the Output Gap Remains Large""; ""C. Internal Rebalancing Has Not Fully Materialized""; ""D. Progress Has Been Made in Rebalancing Toward External Demand""; ""OUTLOOK, RISKS, AND POLICY IMPLICATIONS""; ""MONETARY AND CREDIT EASING POLICIES""; ""A. Monetary Policy""; ""B. Credit Easing and Bank Funding Policies""; ""FISCAL POLICY""; ""A. Fiscal Consolidation Has Been Strong and is Now Slowing""
Literary Form
non fiction
"July 2012."
Physical Description
1 online resource (108 p.)
Specific Material Designation
Form Of Item

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