Economic outlook: Falling inflation and slow growth
We examine the current widespread economic uncertainty and the ongoing deterioration of credit conditions, and look at forecasts for the key economic indicators of interest to pay setters.
On this page:
Impact of the credit crunch
UK economy stagnates
Growth outlook
High times for inflation
Focus on inflation and interest rates
Inflation outlook
Earnings growth remains subdued
Earnings outlook
Labour market slows rapidly
Labour market outlook
A return to boom and bust?
Table 1: Forecast of annual rate of change in retail prices and earnings, 2008/09
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