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United Kingdom: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

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  • International Monetary Fund

Abstract

This 2004 Article IV Consultation highlights that United Kingdom’s real GDP growth is estimated at about 3 percent in 2004 and is expected to stay stable at about 2½ percent in 2005–06, in line with potential growth. Domestic demand remains the key driver of growth, underpinned by continued strong earnings growth and robust corporate profitability. Inflation expectations remain well anchored. Rising import prices are expected to push inflation toward the 2 percent target over the coming 2–3 years.

Suggested Citation

  • International Monetary Fund, 2005. "United Kingdom: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom," IMF Staff Country Reports 2005/080, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/080
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18106
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    Cited by:

    1. Castillo, Leopoldo Laborda & Guasch, Jose Luis, 2012. "Overdraft facility policy and firm performance : an empirical analysis in eastern European Union industrial firms," Policy Research Working Paper Series 6101, The World Bank.
    2. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.
    3. Mr. Luis Catão & Mr. George A Mackenzie, 2006. "Perspectiveson Low Global Interest Rates," IMF Working Papers 2006/076, International Monetary Fund.
    4. Saungweme, Talknice & Odhiambo, Nicholas M, 2019. "Sovereign debt and economic growth in Zimbabwe: Amultivariate causal linkage," Working Papers 25680, University of South Africa, Department of Economics.

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