United Kingdom: 2013 Article IV Consultation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This staff report on United Kingdom’s (UK) 2013 Article IV Consultation highlights economic policies and development. The UK economy grew by about ¼ percent in 2012. Net trade reduced growth by 0.6 percentage points of GDP, the biggest drag since 2005, and well above staff projections. Domestic fixed capital investment was essentially flat, leaving household spending the main source of private demand, but still substantially below long-run potential growth. In terms of production, construction has been particularly affected by the financial crisis, and the mining sector has been experiencing a secular decline, accelerated in part by temporary shutdowns in North Sea oil extraction.
Series:
Country Report No. 2013/210
Subject:
Banking Credit Financial institutions Financial statements Inflation Loans Money Output gap Prices Public debt Public financial management (PFM)
English
Publication Date:
July 17, 2013
ISBN/ISSN:
9781484385456/1934-7685
Stock No:
1GBREA2013001
Pages:
144
Please address any questions about this title to publications@imf.org