Forecast Summary |
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Abstract: | The January crisis, which occurred despite (or perhaps because of) signs of accelerating recovery, will not, we believe, prevent output from rising by over 3 1/2 per cent this year and by over 2 per cent p.a. over the medium term. Although the recent fall in sterling will put up prices - especially of traded manufactures - we expect retail price inflation to fall below 5 per cent after reaching almost 6 per cent this spring. |
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