Abstract
The main text of this chapter describes the current economic situation and the outlook to the end of next year. A brief account is also given of two projections to 1991. This is followed by a set of short notes dealing with some aspects of the domestic economic situation in rather more detail. The forecasts were prepared by Andrew Britton, Andrew Gurney and Rhys Herbert, but they draw on the work of the whole team engaged in macroeconomic analysis and modelbuilding at the Institute.
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