Skip to main content

This link is exclusively for students and staff members within this organisation.

Unauthorised use will lead to account termination.

Previous

Senior bankers

Next

A student’s view

Review of the UK economy in 2013

In this article, Paul Turner of Loughborough University looks at the performance of the UK economy in 2013 and the prospects for 2014

gemphotography/Fotolia

In 2013 there was a return to positive growth of national output following several quarters of negative growth in 2012. However, growth remains below the long-term average rate and the recovery is still far from established. The international situation looks slightly less worrying than in previous years with growth resuming in the USA but remaining weak in Europe.

Interest rates have remained low as the Bank of England has tried to avoid damaging the prospects of recovery by tightening monetary policy. The fiscal stance however, has continued to be relatively tight, with the government’s austerity programme leading to some cutbacks in expenditure. Despite this, the public finances remain in significant deficit.

Your organisation does not have access to this article.

Sign up today to give your students the edge they need to achieve their best grades with subject expertise

Subscribe

Previous

Senior bankers

Next

A student’s view

Related articles: