haku: @indexterm inflation / yhteensä: 1175
viite: 519 / 1175
| Tekijä: | Martin, B. |
| Otsikko: | Prospects for the British economy. |
| Lehti: | Economic Affairs
1993 : NOV-DEC, VOL. 14:1, p. 5-12 |
| Asiasana: | UNITED KINGDOM BUDGET TRADE INFLATION ECONOMIC GROWTH |
| Kieli: | eng |
| Tiivistelmä: | The author sees good prospects in the short term with economic growth proceeding , no serious inflationary threat, some drop in the budget deficit and an inflow of international capital. Looking farther ahead, he sees the economy on an "unsustainable path" and warns of a twin- deficit syndrome - budget and trade. The unprecedented budget deficit is the root cause of the unprecedented trade deficit. The twin-deficit syndrome duly transmogrifies into a 'one-deficit horror' - a sterling collapse and much higher rates of inflation, rising potentially to 10% on author's calculations. It is likely that the economy eventually provide its own remedy for decade's fiscal incontinence - in the shape of currency flight and a substantial inflation tax on currently unsuspecting holders of government debt. |
SCIMA