The transient atoll source 4U 1608-52 was extensively observed by the Rossi X-ray Timing Explorer (RXTE) during its 1998 outburst. We analyse its X-ray spectra as a function of inferred accretion rate from both the 1998 outburst and the 1996 and 1998 non-outburst data. We can fit all the spectra by a model in which seed photons from the neutron star surface are Comptonized in a boundary layer. The Comptonized emission illuminates the accretion disc surface, producing an ionized, relativistically broadened reflection signature, while the direct emission from the accretion disc can also be seen. The evolution of the source can be explained if the main parameter driving the spectral evolution is the average mass accretion rate, which determine...