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UK Economic Outlook

Author

Listed:
  • Macqueen, Rory
  • Stephen Millard
  • Patel, Urvish
  • Whyte, Kemar

Abstract

As we publish our Summer Economic Outlook, the UK economy may already be in recession and, with consumer price inflation close to double figures, the threat of stagflation has returned for the first time since the 1970s. Though comparisons with that period are generally overstated, the UK economy – following a decade of stagnation and Brexit – was not in a healthy position when the Covid-19 shock arrived: the 'lockdown recession' actually began with a small contraction in the fourth quarter of 2019.

Suggested Citation

  • Macqueen, Rory & Stephen Millard & Patel, Urvish & Whyte, Kemar, 2022. "UK Economic Outlook," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 7, pages 6-30.
    • Handle: RePEc:nsr:niesra:i:7:y:2022:p:6-30
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    File URL: https://www.niesr.ac.uk/wp-content/uploads/2022/08/NIESR-UK-Economic-Outlook-Summer-2022.pdf
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    References listed on IDEAS

    as
    1. Moore, Richard, 2012. "Definitions of fuel poverty: Implications for policy," Energy Policy, Elsevier, vol. 49(C), pages 19-26.
    2. Bhattacharjee, Arnab & Lisauskaite, Elena, 2020. "Covid-19 Impacts On Destitution In The Uk," National Institute Economic Review, National Institute of Economic and Social Research, vol. 253, pages 77-85, August.
    3. Marc F. Bellemare, 2015. "Rising Food Prices, Food Price Volatility, and Social Unrest," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(1), pages 1-21.
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    Cited by:

    1. Lewańczyk, Agata Marta & Langham-Walsh, Eleanor & Edwards, Lisa & Branney, Peter & Walters, Elizabeth R. & Mitchell, Paul & Vaportzis, Eleftheria, 2023. "Back Onside protocol: A physical activity intervention to improve health outcomes in people who are unemployed or at risk of unemployment," Evaluation and Program Planning, Elsevier, vol. 97(C).

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