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United Kingdom: 2016 Article IV Consultation-Press Release; and Staff Report
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 168
Language:
English
Publication Date:
17 Jun 2016
DOI:
https://doi.org/10.5089/9781475517231.002
ISBN:
9781475517231
ISSN:
1934-7685
Pages:
68
Keywords:
ISCR; CR; monetary policy; economy; holding; SDR; IMF staff estimate; liability positions vis-à-vis nonresident; money market rate; SDDS metadata; core inflation; Inflation; Housing prices; Productivity; Mortgages; Current account deficits; Global; Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund