Statement by Alex Gibbs, Executive Director for the United Kingdom, July 16, 2012

International Monetary Fund

doi:10.5089/9781475506464.002.A006

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United Kingdom : Staff Report for the 2012 Article IV Consultation

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Journal Issue

Volume/Issue:: 2012/190
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: July 2012
DOI:: http://dx.doi.org/10.5089/9781475506464.002
ISBN:: 9781475506464
ISSN:: 1934-7685
Page:: 107

This 2012 Article IV Consultation reports that the United Kingdom's economic recovery has been sluggish, as the needed hand-off from public to private demand-led growth has not fully materialized. Economic activity is projected to gain modest momentum in future, but the pace of expansion is expected to be weak relative to the scale of underutilized resources. Executive Directors have welcomed the authorities' efforts aimed at economic rebalancing. However, they have cautioned that a stalling recovery, high unemployment, and uncertain external conditions continue to present significant challenges.

United Kingdom: Staff Report for the 2012 Article IV Consultation

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Statement by Alex Gibbs, Executive Director for the United Kingdom, July 16, 2012

Author(s):: International Monetary Fund
Published Date:: July 2012

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United Kingdom : Staff Report for the 2012 Article IV Consultation

Statement by Alex Gibbs, Executive Director for the United Kingdom, July 16, 2012

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