Economic forecast.

Abstract

There has been a great deal of speculation in the media about whether or not there are genuine signs of economic recovery in the UK--the now infamous 'Green Shoots'. Although economic growth is picking up, the rate of acceleration is still very weak. Despite this, many commentators are forecasting that the rate of economic growth will steadily increase throughout the rest of the year. Indeed, the forecast for overall economic growth (Gross Domestic Product) for 1993 has been revised upwards from 0.8% to 1.7% since March.