Article Abstract:
The outlook for the UK economy is mixed. Domestically, the economy should do fairly well, despite the Oct 1987 stock market crash, because of continued strong consumer spending. International developments could foreseeably hurt UK economic growth, if US fiscal policy is altered in a way that would no longer support world economic growth and UK export markets. As it is, UK economic growth is expected to drop from 1987's 4% rate to 2.5%. Inflation during the early part of 1988 should be less than 3.5%. Real personal income should increase by 5%.
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Article Abstract:
The savings ratio for British consumers fell from 16.4 percent of disposable income in 1979 to 4.3 percent by the end of 1987. This decrease in savings did help to increase economic growth and consumer spending. Possible reasons for the savings decline include: a reduction in the inflation rate, a strong rise in asset prices, and the sharp rise in stock share prices since 1979. The reasons behind the decrease in savings are not readily apparent. A gradual increase in savings is anticipated.
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Article Abstract:
The health food store industry in Great Britain has grown from 95 million pounds sterling in 1981 to 195 million pounds sterling in 1986. The reasons for this growth include growing consumer awareness and government-sponsored nutrition programs. The health food trade includes vitamins, dietary supplements and beauty preparations, as well as foods and beverages.
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