Expansionary budget drives economic boom
The expansionary budget will drive growth and employment next year. Thebright manufacturing outlook will also boost investment significantly, and exportswill become a strong growth engine. On the other hand, the upswing will be reinedin by a growing scarcity of labour with the right skills. Despite the shortage oflabour, wage growth will not pick up notably, and inflation, which has climbedabove 2 per cent in recent months, will fall back again next year. Such are theresults of the latest forecast from the National Institute of Economic Research(NIER), published today.The