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UK Assessment: Can Recession be Avoided?
Author(s) -
Cooper Adrian
Publication year - 1998
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 - 10.1111/1468-0319.00146
Subject(s) - recession , economics , consumer confidence index , interest rate , global recession , great recession , economic policy , macroeconomics , keynesian economics
There is a growing danger that the UK will suffer a serious recession in 1999. In this article, Adrian Cooper assesses the risks to the OEF/LBS forecast and considers what steps policy‐makers might take to support demand and activity. With the weakness of consumer and business confidence currently posing the biggest threat, they must be seen to be decisive, with further substantial interest rate cuts essential.