Mediocre picture (TT JulAug03 p6-7)
The Treasurer July-August 2003
Global recession remains unlikely, but economic prospects are set to remain subdued. Fears of terrorism, Sars and wider economic imbalances will remain dampening factors. Britain will continue to enjoy satisfactory prospects in the nearterm, but there are serious risks that the UK’s longer-term position will gradually weaken, and euro entry will remain an unsettling issue.
