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UK Consumer Spending: Prospects for the Late 1990s
Author(s) -
Sentance Andrew,
Caporale Guglielmo Maria,
Williams Geoffrey
Publication year - 1997
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.00098
Subject(s) - economics , consumer spending , consumption (sociology) , boom , personal consumption expenditures price index , consumer demand , economic policy , personal income , macroeconomics , market economy , sociology , recession , social science , environmental engineering , engineering
Over the last eighteen months, strong growth of personal consumption has fuelled the growth of the UK economy raising fears of a 1980s style consumer boom. The boost to consumption provided by “windfall gains” from building society conversions has added to these fears. In this article, Guglielmo Maria Caporale, Andrew Sentance and Geoffrey Williams discuss the forces behind this recent pick‐up in consumption and assess the prospects for consumer spending in the late 1990s.