Assessment and recommendations

OECD

doi:https://doi.org/10.1787/eco_surveys-gbr-2015-4-en

2015 OECD Economic Surveys: United Kingdom 2015

image of OECD Economic Surveys: United Kingdom 2015

This OECD Economic Survey of the United Kingdom examines recent economic developments, policies and prospects. Special chapters cover improving infrastructure and ensuring sustainable bank lending.

English

Related Content:

https://doi.org/10.1787/eco_surveys-gbr-2015-en

Chapter

Assessment and recommendations

Making the recovery sustainable Normalising macroeconomic policiesRekindling productivity growth

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Growth is strong

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Social indicators are good overall

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Subdued labour productivity is holding back living standards

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Fiscal policy has contributed to some pick-up in growth

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Growth is driven by domestic demand

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Export performance has been deteriorating

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Declining relative size of export sectors is contributing to weak net exports

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Monetary conditions are supportive, but house prices have increased significantly

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Labour market developments compared to previous recessions and recoveries

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Employment performance since the last recession has been strong

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