A new age of uncertainty? Measuring its effect on the UK economy
Abigail Haddow, Chris Hare, John Hooley, Tamarah Shakir, 27 August 2013
Economic uncertainty is not good for GDP growth. This column presents a new, UK-specific measure of economic uncertainty. It shows that UK economic uncertainty is now at historically high levels and that it has been unusually persistent in recent years. There is evidence that elevated uncertainty has been a factor restraining the UK recovery. What happens to uncertainty going forward will be important for growth.