We could be shaping up for a re-run of the late Eighties

Article Abstract:

The UK economy appears to be entering a mini-boom, with most analysts predicting growth of just over 3% in 1997 and inflation of just under 3%. Building society members are set to receive shares worth an estimated 20 billion pounds sterling from Jan 1997, and this could further fuel the upturn in consumer spending. Mortgages are still at very low levels, while inflation-adjusted incomes are rising and further income tax cuts are likely. It may be necessary to raise interest rates in order to keep consumer spending under control.

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Clarke's recovery has all the signs of old-fashioned boom

Article Abstract:

There are growing signs that the UK economy is set to enter a boom period, rather than a sustained recovery. This will be prompted by loose monetary and fiscal policy, financial liberalisation and growing demand for exports. Retail sales and consumer expenditure have already begun to speed up, while unemployment is falling and some companies are anticipating skills shortages. The boom will be further fuelled by income tax cuts in the Nov 1996 Budget.

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We have nothing to fear but panic itself

Article Abstract:

The economic crisis in Asia will probably have a global impact, but not in the way many observers expect. The significance of Asia for the world economy needs to be kept in perspective, and there is no need to become alarmist about the repercussions of the Asian economic crisis. The only real cause for concern is the fact that advanced economies may see a longer-term slowdown in growth as a result of the fading of Asia's dynamism.

Economic aspects, Asia

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