United Kingdom: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

IMF Staff Country Reports, March 8, 2005

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United Kingdom: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

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Bibliographic details

• Published: March 8, 2005
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451814279.002

Overview

• Real GDP growth is estimated at about 3 percent in 2004.
• Real GDP growth is expected to stay stable at about 2½ percent in 2005–06, in line with potential growth.
• The report length is 50 pages and is part of Country Report No. 2005/080 (Volume 2005, Issue 080).

Growth and domestic demand

• Domestic demand remains the key driver of growth.
• Growth is underpinned by continued strong earnings growth and robust corporate profitability.

Inflation and prices

• Inflation expectations remain well anchored.
• Rising import prices are expected to push inflation toward the 2 percent target over the coming 2–3 years.
• Subject areas noted include: Fiscal policy, Housing prices, Import prices, Inflation, Inflation targeting, Labor, Monetary policy, Prices.

Key statistics and identifiers

• Estimated real GDP growth in 2004: about 3 percent.
• Expected real GDP growth in 2005–06: about 2½ percent.
• Inflation target referenced: 2 percent.
• Horizon for import-price-driven inflation adjustment: 2–3 years.
• Pages: 50
• Volume: 2005
• Issue: 080
• Series: Country Report No. 2005/080
• DOI: https://doi.org/10.5089/9781451814279.002
• ISBN: 9781451814279
• ISSN: 1934-7685

United Kingdom: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

Content in this bundle

• _cr0580 — Executive Summary
  • _cr0580 — Executive Summary (Markdown version)
  • _cr0580 — Executive Summary (PDF)