IMF Staff Country Reports

United Kingdom: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

Publication Date:

March 5, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The United Kingdom (U.K.) economy has weathered the global slowdown well, supported by an countercyclical monetary policy and an expansionary fiscal stance. Executive Directors welcomed this developments, and stressed the need to tighten monetary, fiscal, and macroeconomic policies. They commended the trade liberalization, the Common Agricultural Policy, the financial system, and the efforts in combating money laundering and terrorism financing. They encouraged the authorities to reintroduce momentum in the Doha round negotiations, and to increase the effective access of the least-developed countries to industrial country markets.

Series:

Country Report No. 2004/056

Subject:

Consumption Housing prices Inflation Inflation targeting Monetary policy National accounts Prices Public debt