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ECRI

2-June-2008

There has been increasing concern in recent months about the fate of the U.K. economy, given its housing downturn. Some have even voiced fears that the U.K. economy is headed for a recession. The Bank of England finds itself in an increasingly tight spot as it tries to balance inflation targets with growth concerns.

In order to assess the growth and inflation dynamics currently dominating the U.K. economy, ECRI’s new analysis examines near-term and longer-term U.K. economic growth prospects, as well as the direction of underlying inflationary pressures. ECRI’s objective leading indexes reveal crucial insights into the dilemma currently confronting the BoE.

This information is excerpted from a full report issued on May 28, 2008 to professional subscribers. For information on how to read the complete story and to subscribe to ECRI's services click this link.