You can’t blame it all on the weather. Snow and sleet don’t fully explain poor recent UK economy performance. The UK economy suffered a shock 0.5% contraction in GDP in the fourth quarter of 2010 – the biggest drop since the second quarter of 2009. Taken at face value, this was a dreadful figure, and [...]
Filed under: Economics | Tagged: forecasts, GDP, macroeconomics, UK | Leave a Comment »
The OBR has lowered the GDP growth forecasts, and have gauged the economy’s potential growth rate to be lower than previously estimated. But these predictions will need to be amended as the government’s fiscal intentions become clearer.
Filed under: Economics | Tagged: GDP, OBR, Office for Budget Responsibility, UK | Leave a Comment »
Kevin Gardiner is Head of Investment Strategy, EMEA
Greg B. Davies
Greg B. Davies, PhD, is Head of Behavioural Finance
Henk Potts
Henk Potts is Market Analyst
