General assessment

Quarterly Bulletin 1982 Q4
Published on 01 December 1982

The Economic commentary contains a fuller description of economic developments in the United Kingdom and abroad.

The performance of the UK economy in 1982-as is true also for the world economy-has been disappointing as regards output while encouraging as regards inflation. Prospects for the UK economy for next year depend significantly on whether there is much recovery in the world economy. They also depend on making further progress in reducing inflation. The final section of this assessment discusses monetary policy in this country against that background.

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