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United Kingdom :, 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for United Kingdom

Label
United Kingdom :, 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for United Kingdom
Language
eng
Abstract
This 2009 Article IV Consultation highlights that economic growth in the United Kingdom has turned sharply negative since mid-2008. Housing prices have fallen by more than 20 percent from their peak, the unemployment rate has increased, and inflation has come down. In response to the crisis, the authorities have taken wide-ranging measures to stabilize the financial system and support demand. Executive Directors have stressed that the most important policy task remains repairing the financial system. Directors have also welcomed the adoption of the Special Resolution Regime for financial institutions
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
United Kingdom :
Nature of contents
dictionaries
Oclc number
876511834
Series statement
IMF Staff Country Reports
Sub title
2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for United Kingdom
Table Of Contents
Cover; Contents; I. Staff Appraisal; II. Balance Sheet Strains; A. Financial Institutions; Figures; 1. Real Sector; 2. Banking Indicators; B. Households and Corporations; 3. Households and Corporates; 4. Property Prices; C. Macro-Financial Linkages; 5. Credit and Capital Market Developments; 6. Lending Spreads; D. The Public Sector Balance Sheet; 7. Fiscal Developments; E. Sterling and the UK External Position; III. Cross-Border Spillovers; 8. External Sector; Boxes; 1. Potential Spillovers from the UK Financial System to the Rest of the World; IV. The Outlook and Risks; A. Central ScenarioB. Risks and Underlying VulnerabilitiesV. Repairing the Financial System; A. Restoring Credit Flows; 2. Capitalization of the UK Banking System; B. Regulatory Response; VI. Monetary Policy in Unconventional Territory; A. The Outlook for Inflation; 9. Price Developments; B. Launching Unconventional Easing Operations; C. Addressing Risks; VII. Restoring Fiscal Sustainability; 3. Fiscal Adjustment: International Experience; Tables; 1. Selected Economic and Social Indicators; 2. Public Sector Operations; 3. Balance of Payments; 4. Net Investment Position; 5. Medium-Term Scenario; AnnexesI. Selected Policy Measures in Response to the Crisis since July 2008II. Sterling and External Adjustment; III. Assessing the Impact of the Financial Crisis on Potential Growth; IV. Central Bank Asset Purchases in a Cross-Country Perspective; V. Public Debt Sustainability; Contents; I. Fund Relations
Classification
Content
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