United Kingdom: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for United Kingdom

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 091

Publication date: March 2007

ISBN: 9781451814323

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Topics covered in this book

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Banks and Banking , Exports and Imports , Inflation , Money and Monetary Policy , Public Finance , ISCR , CR , annex , inflation expectation , committee flexibility , cross-government value for money saving , UK well , net export , Inflation , Inflation targeting , Housing prices , Current account deficits , Global , Asia and Pacific

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Republic of Congo : 2001 Article IV

Summary

This 2006 Article IV Consultation highlights that macroeconomic performance in the United Kingdom remains impressive. After softer growth in 2005, the acceleration in GDP in 2006 was broadly based. Business investment was boosted by high net rates of return; private consumption by robust employment growth, steady wage growth, and rising household wealth; and exports by the recovery in the euro area. Most indicators suggest little economic slack as of end-2006. The financial sector continues to thrive, and linkages with financial systems in other countries continue to grow.