Barrell, Ray; Kirby, Simon - National Institute of Economic and Social Research - 2008
After a long period of robust growth and low inflation, the economic outlook has darkened. Growth is slowing and … inflation is rising. GDP is forecast to grow by 1.5 per cent in 2008 and 1.4 per cent in 2009. Much of the growth will come from …-price inflation will average 3.6 per cent this year, falling back only to 3.2 per cent in 2009. Although the main impetus to inflation …