United Kingdom : Staff Report for the 2012 Article IV Consultation

Publication Date: July 19, 2012
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Summary: 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.
Series: Country Report No. 12/190
Subject(s): Article IV consultation reports | Bank supervision | Economic indicators | Financial sector | Spillovers | Staff Reports | Unemployment

Publication Date: July 19, 2012
ISBN/ISSN: 9781475506464/1934-7685 Format: Paper
Stock No: 1GBREA2012001 Pages: 107
US$18.00 (Academic Rate:
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