The party isn't over

Article Abstract:

The UK economy is fairly strong but it could be badly affected if the US economy was to fall. The British manufacturing industries have found 1999-2000 challenging, as the high rate of sterling has made their goods less competitive in overseas markets. Agriculture has also experienced a very difficult time. It is anticipated the gross domestic product for the UK will rise by 3% during 2000. It is likely the Bank of England will have to take action to prevent inflation rising by increasing the interest rate to 6%. The unemployment rate at the start of 2000 is at a low level of 4.5%.

United Kingdom, Economic aspects, Economic forecasting, Economic history

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In brief, business looks good

Article Abstract:

The Royal Institution of Chartered Surveyors issues a UK Economic Brief each month. The publication for the period up to Oct. 8, 1999, suggests the rise in UK interest rates will lessen the chance of a boom in the housing market. It is likely business in the construction industry will increase. Commercial construction had been increasing by 20% per annum up to the second quarter of 1999. House building is also likely to rise. Demand for industrial property is growing, with rents increasing by 4.1%. There is a shortfall in good quality office space causing rents to rise.

Construction industry, Reports, Royal Institution of Chartered Surveyors, Economic surveys

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