United Kingdom: Staff Report for the 2012 Article IV Consultation
IMF Staff Country Reports, July 19, 2012
Source details
- Canonical URL
- United Kingdom: Staff Report for the 2012 Article IV Consultation
Other formats
Bibliographic details
- Published: July 19, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475506464.002
Summary findings
- The United Kingdom's economic recovery has been sluggish.
- 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.
- Executive Directors cautioned that a stalling recovery, high unemployment, and uncertain external conditions continue to present significant challenges.
Policy assessment and themes
- Subject areas covered: Banking, Financial crises, Fiscal consolidation, Fiscal policy, Monetary expansion, Monetary policy, Output gap, Production, Public debt.
- Keywords: BoE liquidity insurance, CR, Europe, Fiscal consolidation, FLS loan, Global, government, ISCR, lending, liability positions vis-à-vis nonresident, market lending, Monetary expansion, Output gap, staff supplement.
Content in this bundle
- United Kingdom: 2012 Article IV Consultation; IMF Country Report No. 12/190; July 2, 2012