OECD Economic Surveys: UNITED KINGDOM
OECD, October 11, 2007 (September 2007)
The United Kingdom’s welcoming approach to globalisation has contributed to a strong growth performance. GDP per capita is now the third highest in the G7, compared with the lowest 10 years earlier. GDP growth has been close to its trend rate of around 2¾ per cent for a number of years, suggesting that the amplitude of the economic cycle is smaller now than in previous decades. This strong performance is not only due to the willingness to embrace the opportunities offered by globalisation, but also to sound institutional arrangements for setting monetary and fiscal policy as well as a period of robust trading partner growth.
>> View Article | created on: 10/11/2007
