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Chapter I. The Home Economy

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  • Anonymous

Abstract

Sterling appreciated sharply between early May and late July. As compared with our May forecast, which assumed the effective index would be about 9 per cent lower than it is currently, our present forecast illustrates the typical effects of a higher exchange rate. The outlook for inflation is improved. Exports are now expected to be lower and consumer spending higher than in our last forecast, a switch in demand particularly unfavourable to manufacturing.

Suggested Citation

  • Anonymous, 1985. "Chapter I. The Home Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 113, pages 5-19, August.
    • Handle: RePEc:cup:nierev:v:113:y:1985:i::p:5-19_2
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