United Kingdom: 2016 Article IV Consultation-Press Release; and Staff Report

June 17, 2016

Preview Citation

Format: Chicago

United Kingdom: 2016 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed December 23, 2024

Summary

This paper discusses key issues related to the economy of the United Kingdom. The U.K. economy has performed well in recent years, but it faces important challenges and risks. In the near term, the largest risks and uncertainties relate to the upcoming European Union (EU) referendum. In the event the United Kingdom stays in the EU, steady growth is expected to continue over the next few years. Macroeconomic policies in the baseline should focus on promoting continued steady growth while reducing vulnerabilities. In particular, monetary policy should remain on hold until inflationary pressures are clearer and to help offset headwinds from fiscal consolidation.

Subject: Balance of payments, Banking, Current account deficits, Financial institutions, Housing prices, Inflation, Mortgages, Prices, Production, Productivity

Keywords: Core inflation, CR, Current account deficits, Economy, Europe, Global, Holding, Housing prices, IMF staff estimate, Inflation, ISCR, Liability positions vis-à-vis nonresident, Monetary policy, Money market rate, Mortgages, Productivity, SDDS metadata, SDR

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/168
Stock No:

1GBREA2016016
ISBN:

9781475517231
ISSN:

1934-7685

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