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....”. Bowman said Hammond’s Mansion House speech earlier this week showed he intends to stick to the fiscal rules set out in the November autumn statement, meaning “fiscal policy is still set to provide a significant drag on GDP growth over the next few years”. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:49:47 AM
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....”. The forecast followed official figures showing GDP growth slowed sharply to 0. ... [Read full article on Guardian ]
Monday 19th of June 2017 11:01:49 PM
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....5%. Independent forecasts for GDP growth over the next five years are below this figure, meaning that far from cutting the overall debt-to-GDP ratio, both parties were content to push it towards 90% – higher than any government has experienced in 50 years. ... [Read full article on Guardian ]
Sunday 18th of June 2017 04:54:09 PM
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Latest Finance News related to GDP Growth

UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....”. Bowman said Hammond’s Mansion House speech earlier this week showed he intends to stick to the fiscal rules set out in the November autumn statement, meaning “fiscal policy is still set to provide a significant drag on GDP growth over the next few years”. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
....5%. Independent forecasts for GDP growth over the next five years are below this figure, meaning that far from cutting the overall debt-to-GDP ratio, both parties were content to push it towards 90% – higher than any government has experienced in 50 years. ...
China trade healthier than expected image
Source : BBC [Read Article] Thursday 8th of June 2017 08:22:28 AM
....However, many analysts warn that China's growth is likely to slow gradually in coming quarters. "Today's trade data surprised on the upside, but has not changed our overall view that real GDP growth likely peaked in the first quarter," investment bank Nomura said in a report. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
.... However, that was still well above the 50-mark that separates growth from contraction. The poll, which excludes government services and retail but still covers half of the overall services sector, is used by investors and policymakers to help predict GDP growth. ...
EY report: Scottish economy 'stuck in slow lane' image
Source : BBC [Read Article] Monday 5th of June 2017 11:23:30 PM
....Scotland's economy is showing signs of slowing faster than the rest of the UK as consumer spending fades and firms remain reluctant to invest, according to a report. The EY Scottish Item Club has predicted "below-par" GDP growth of 0. ...
If you want to get technical, recession records are nothing to brag about | Greg Jericho image
....There has been some talk that Wednesday’s GDP figures will see Australia break a record for length of time without a technical recession. Mostly this appears to be because the March quarter will be 103 quarters since the June 1991 quarter, which was the last time we experienced two consecutive quarters of negative GDP growth. ...
UK manufacturing in healthy shape despite election uncertainty image
Source : Guardian [Read Article] Thursday 1st of June 2017 05:24:04 PM
....The upbeat survey will provide some support to those commentators who believe a strong manufacturing sector can offset some of the economic pain from a consumer spending slowdown this year. Higher prices and slow wage growth have eroded household budgets, denting the main driving force for UK GDP growth. ...
Brazil emerges from recession as GDP grows 1% image
Source : BBC [Read Article] Thursday 1st of June 2017 01:32:47 PM
.... . Thursday's GDP growth announcement is expected to bolster the president's chances of staying in office and pushing through his reforms. ...
UK policymakers face a dilemma over public's slowing demand for credit image
Source : Guardian [Read Article] Wednesday 31st of May 2017 07:17:49 PM
....If a reminder of this basic economic rule was needed, it was made clear earlier this month when the latest UK GDP figures appeared. The relative lack of borrowing in the first three months of the year coincided with a dive in GDP growth from 0. ...
UK comes bottom of G7 growth league as Canada takes lead image
Source : Guardian [Read Article] Wednesday 31st of May 2017 04:28:02 PM
.... That higher inflation has hit household budgets and dented the main driver of UK growth, consumer spending. The Bank of England said earlier this month that it expected GDP growth would edge up marginally to 1. ...
Higher inflation drives down real wages for British workers image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:48:46 PM
.... S&P expects that trend to continue this year and it says the next government will have to boost spending on infrastructure to improve the UK’s sluggish productivity and turn the tide on household incomes. Boris Glass, one of the report’s authors, said that after the UK’s GDP growth slowed markedly to 0. ...
Far from ‘strong and stable’, May’s economic plan is weak and unstable image
....9% a year over the course of the next parliament. By contrast, the consultancy noted that “the more expansionary policies proposed by Labour and the Liberal Democrats would offer better outcomes in terms of GDP growth and allow monetary policy to be normalised sooner, without putting the public finances under strain. ...
Labour’s hope doesn’t usually play well in an age of anxiety image
Source : Guardian [Read Article] Saturday 27th of May 2017 04:00:32 PM
.... But the main surveys of business opinion show they are optimistic about their prospects in the meantime, by which they mean the next 18 months. The recent downgrade of UK GDP growth would appear to say the opposite. ...
US growth rate revised up to 1.2% image
Source : BBC [Read Article] Friday 26th of May 2017 01:36:45 PM
....UK economic growth estimate revised down. The first three months of the year have a record of lower GDP growth rates than other quarters, which some attribute to the difficulty of accounting for factors such as heavy snowstorms. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
....But in a worrying pattern for an economy so reliant on consumer spending, other indicators show household incomes are being eroded as pay growth fails to keep pace with rising prices. Official figures show GDP growth slowed markedly in the opening quarter of 2017 to 0. ...
UK economy slows more than expected as inflation hits spending image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:24:06 AM
.... That higher inflation has hit household budgets and dented the key driver of UK growth, consumer spending. The ONS highlighted that pattern in its updated estimate of GDP growth on Thursday. ...
UK economic growth estimate revised down image
Source : BBC [Read Article] Thursday 25th of May 2017 08:49:40 AM
....The downward revision to the first-quarter's growth rate came as a surprise, but analysts said there was a good chance the growth rate could recover in the second quarter of the year. "Looking ahead, the business surveys and April's strong performance on the High Street suggest that there is a good chance that quarterly GDP growth will rebound in the second quarter," said Ruth Gregory, UK economist at Capital Economics. ...
Growth slump as rising prices slowed consumer spending, figures to show image
....7% in the previous quarter. The second estimate of GDP growth provides a more detailed breakdown of how the economy performed, including a first take on consumer spending. ...
Surprise surge in UK retail sales powers pound to eight-month high image
Source : Guardian [Read Article] Thursday 18th of May 2017 10:39:36 AM
....“With inflation likely to continue accelerating sharply, the headwinds facing the consumer will intensify, which in turn is likely to slow the pace of consumer spending later in the year. We therefore remain of the view that the pace of GDP growth has further downside into the end of the year. ...
German economic growth speeds up image
Source : BBC [Read Article] Friday 12th of May 2017 06:50:04 AM
....Germany's economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show. First-quarter GDP growth was 0. ...
UK industrial output falls in March image
Source : BBC [Read Article] Thursday 11th of May 2017 09:23:23 AM
....Howard Archer, chief UK and European economist at IHS Markit, described the figures as "a ropey set of March data for the UK economy that point to a poor end to a disappointing first quarter". He added: "The poor data dilute any hopes that markedly slower GDP growth of 0. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....3%, the OBR would be forced to revise its forecast upwards. He said: “GDP growth over the next couple of years will be subdued, growing at less than the economy’s long-run potential rate of 2% per annum, but households will feel the pinch from rising consumer price inflation. ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
....News that Britain’s services sector enjoyed its fastest growth for four months in April follows surveys earlier this week signalling similar improvements for the smaller manufacturing and construction industries. Together they will soothe fears around the UK economic outlook after official figures showed GDP growth slowed markedly in the first quarter. ...
UK car sales drop by a fifth after tax changes and price rises image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:27:22 AM
....Car sales have supported the UK’s economic recovery since 2014 when fuel prices, which surged after the financial crash, dropped by more than half. Double-digit growth in subsequent years, further helped by cheap finance deals, has proved to be a significant element of GDP growth. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
....“General merchandise and clothing sales growth have been impacted by reduced consumer confidence and a marked slowdown in real pay growth. Economic commentators are divided on the implications for the UK economy, but there are fears that this slowdown in real income might drive a reduction in GDP growth, an increase in unemployment and a reduction in the rate of unsecured credit growth,” the company said in a statement. ...
China factory output growth slows image
Source : BBC [Read Article] Sunday 30th of April 2017 09:51:37 AM
....A figure above 50 shows growth in the sector, a key driver of wider growth in the world's second biggest economy. The first quarter of 2017 has seen an acceleration in China's GDP growth as well as a rebound in retail spending. ...
As wind, wave and shale power converge, could this be the end for Opec? image
....His judgment appeared to be that nonexistent wage growth and low oil prices would push inflation back down again. At the ECB’s monthly meeting, he stressed that underlying inflation remained low and GDP growth steady. ...
US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
....Economists believe the slowdown will be temporary. They forecast GDP growth will rebound to 3% or better in the current quarter. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....". Just two days ago, as they released President Trump's proposals for large tax cuts, his Treasury Secretary, Steven Mnuchin, and his National Economic Director, Gary Cohn, were boasting that an annual GDP growth rate of 3% and above was possible. ...
UK economy grows by 0.3% as service sector slows image
Source : BBC [Read Article] Friday 28th of April 2017 08:32:58 AM
....Friday's figure is a first estimate and could be revised in the coming months. Economists had been expecting GDP growth to slow as consumers reined back spending in the face of rising inflation, but they had pencilled in a higher figure of 0. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
....“We should expect the consumer slowdown to dominate the growth picture over the course of this year . GDP growth figures for the first quarter released at the end of this week are likely to confirm that the UK economy is already slowing. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....”. Simon Wells, chief European economist at HSBC, said the unexpectedly sharp contraction in March showed “consumers are feeling the pinch”, while Victoria Clarke, UK economist at Investec, said it would drag first-quarter GDP growth down to 0. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....They are also more positive about growth in China, the US and very much so in the UK, where the worries of last year about the immediate impact of the Brexit have been pushed out a few years:. Across the world, the prediction is for global GDP growth of 3. ...
Is this the beginning of the end for neoliberalism? | Letters image
Source : Guardian [Read Article] Thursday 13th of April 2017 05:59:24 PM
.... And when they refer to helping those “left behind”, they are inviting us to believe in discredited theories of trickle-down economics which holds that what is good for the rich is good for the poor. As we move into the uncertainties of a new post-Brexit trading regime, it is incumbent upon us to develop alternative models to outdated concepts that automatically equate GDP growth with increased wellbeing. ...
Trump's trade barriers would be self-inflicted wound, says IMF chief image
Source : Guardian [Read Article] Wednesday 12th of April 2017 10:15:57 AM
....She pointed out that the outlook had improved across the developed world, including in Europe, which had previously been lagging behind the US. Even so, emerging and developing countries would contribute more than 75% of global GDP growth in 2017. ...
UK industrial output falls in February image
Source : BBC [Read Article] Friday 7th of April 2017 09:27:16 AM
...."The overall trade deficit worsened, but excluding erratic items, the picture improved, as imports fell more than exports," said ONS senior statistician Kate Davies. Howard Archer, chief UK and European economist at IHS Markit, called the figures "a disappointing package of data for the UK economy which fuels suspicion that GDP growth slowed markedly, largely due to consumers becoming more cautious". ...
UK services sector beats forecasts buoyed by new work image
Source : BBC [Read Article] Wednesday 5th of April 2017 09:28:30 AM
...."However, we continue to think that the support provided by the lower pound and rock-bottom interest rates should prevent growth from slowing too sharply in the quarters ahead. Our forecast is for annual GDP growth of about 2% for the year as a whole. ...
US fourth-quarter growth rate revised up image
Source : BBC [Read Article] Thursday 30th of March 2017 12:51:24 PM
....6% - the slowest since 2011. The sluggish growth will make it more difficult for President Donald Trump to meet his pledge to lift GDP growth to 4%, through tax cuts and infrastructure spending. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
....At his budget earlier this month, Philip Hammond was able to announce a brighter outlook for growth this year from the government’s independent forecasters. The Office for Budget Responsibility raised its forecast for GDP growth this year to 2% from 1. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
. Financial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in “hard” data, such as GDP growth, business investment, consumption, and wages. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... Now that it is largely spent, both as a reservoir of flammable carbon and as a source of tax revenues, an independent Scotland would need to look elsewhere for growth. In the years since the oil price collapsed and the industry went into decline, Scotland’s GDP growth has flatlined. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
....But in its latest set of economic forecasts, published as the UK prepares to embark on Brexit negotiations, the business group cut its outlook for 2018 and warned higher inflation would take a chunk out of household budgets. The BCC joined other bodies in raising its outlook for the UK’s GDP growth this year after a stronger-than-expected close to 2016 and signs of resilience to the Brexit vote among businesses and consumers. ...
Get ready for food inflation to take a bite out of growth | Vicky Pryce image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:37:50 PM
.... If more and more of people’s incomes – lower paid people’s incomes, especially – is diverted to survival, the boost given to the economy from general household spending will be reduced. The Bank of England’s latest forecast upped GDP growth to 2% for this year, in the expectation that households would dip further into their savings to continue the spending spree we have been witnessing. ...
Chancellor's budget to build up Brexit reserves, not tackle NHS crisis image
....7bn since January 2016, the ONS said. Recent reports appear to show that the economic strength seen after the Brexit vote, which put the UK’s GDP growth in the front rank of developed nations, may be faltering. ...
A budget in the shadow of Brexit leaves Hammond short of choices image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:11:34 PM
.... This week the Treasury’s independent forecaster is expected to say that a surge in growth at the end of last year, and the strength of tax receipts, has cut borrowing by around £10bn, almost to the level expected before the referendum. That is not just good news for the government finances in the current year, it also provides a higher baseline for projections of GDP growth over the rest of the parliament, possibly boosting the government’s coffers by as much as £30bn–£40bn. ...
Sorry, Brexit doomsayers, the outlook is good on global growth image
Source : Guardian [Read Article] Saturday 4th of March 2017 05:00:20 PM
....The doomsayers may yet have their day. Theresa May could lead Britain to a position where it leaves the EU, the single market and the customs union with terrible consequences for trade, business investment and GDP growth. ...
A budget in the shadow of Brexit leaves Hammond short of choices image
Source : Guardian [Read Article] Saturday 4th of March 2017 04:04:00 PM
.... This week the Treasury’s independent forecaster is expected to say that a surge in growth at the end of last year, and the strength of tax receipts, has cut borrowing by around £10bn, almost to the level expected before the referendum. That is not just good news for the government finances in the current year, it also provides a higher baseline for projections of GDP growth over the rest of the parliament, possibly boosting the government’s coffers by as much as £30bn–£40bn. ...
Creative sector fills UK coffers as money pours into film and TV production image
....At a time when the British economy is looking for leadership, step forward Darth Vader, Adele and Queen Victoria. One of the reasons GDP growth has stayed robust since the EU referendum is the UK’s creative sector, which has produced buoyant box office receipts thanks to Star Wars, healthy sales of Adele’s latest album and global demand for homegrown TV productions such as Victoria. ...
UK economy cooling after post-Brexit vote growth, surveys show image
Source : Guardian [Read Article] Friday 3rd of March 2017 11:12:26 AM
....Britain’s economy is cooling fast, according to the latest surveys of the services, manufacturing and construction sectors, bolstering expectations that the Bank of England will leave interest rates at their record low for the rest of this year and beyond. Coming days before Philip Hammond’s spring budget, the figures add to evidence that the economic strength seen in after the Brexit vote, which put the UK’s GDP growth in the front rank of developed nations, is now faltering. ...
UK economy 'loses momentum' as services growth slows image
Source : BBC [Read Article] Friday 3rd of March 2017 10:08:51 AM
Australia avoids recession as GDP grows 1.1% in December quarter image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:43:59 AM
....The ABS found that household final consumption expenditure contributed 0. 5% to GDP growth and net exports a further 0. ...
Hitting rock bottom image
Source : BBC [Read Article] Wednesday 1st of March 2017 12:07:40 AM
...."In an increasingly knowledge based and services driven global economic expansion, the trade expansion is stagnating," he wrote. "The global manufacturing engines, world trade, credit driven GDP growth model is being increasingly challenged and world trade seems to be stuck in a time warp, barely growing. ...
Spring budget 2017: drop in government borrowing predicted image
Source : Guardian [Read Article] Tuesday 28th of February 2017 12:01:13 AM
.... Forecasts from the fiscal watchdog, the Office for Budget Responsibility (OBR), published at the statement in November suggested a blow to the economy from the Brexit vote would force the government to borrow an extra £122bn over the next five years compared with the outlook before the UK voted to leave the EU. Assessing the news of stronger-than-expected GDP growth and tax receipts since then, the Resolution Foundation expects the OBR to give Hammond a brighter outlook to announce next week. ...
Germany overtakes UK as fastest-growing G7 economy image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:21:32 PM
....German economy was marked by strong and steady growth during 2016, with GDP increasing 1. 9% - highest rate of GDP growth among G7 countries. ...
UK economy grows faster than thought image
Source : BBC [Read Article] Wednesday 22nd of February 2017 11:45:29 AM
.... . "Excluding oil and gas output, estimated UK GDP growth might actually have been revised up in 2016," added Mr Hawksworth. ...
Brexit economy: can consumers keep shoring up the UK? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 10:41:44 AM
....The pressure on household finances bodes ill for the wider economy where consumer spending has been the main driver of relatively robust growth, helping the UK outperform all the other Group of Seven (G7) advanced economies last year. Figures today confirmed that the economy finished 2016 on a strong note, with the GDP growth rate for the fourth quarter nudged up to 0. ...
Lloyds reports biggest profits since financial crash image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 08:49:43 AM
....Even so Horta-Osório was pleased with the performance. “Given our UK focus, our performance is inextricably linked to the health of the UK economy, which has been more resilient than the market expected post-referendum, with GDP growth of 2% in 2016. ...
Made in the UK goods could cost more as import prices rise image
Source : Guardian [Read Article] Monday 20th of February 2017 01:17:41 PM
....Gregory said: “Admittedly, the drop in the pound is having a clear impact on price pressures, with the price expectations balance rising to its highest in nearly six years. “But the sector looks on course to provide a positive contribution to GDP growth in the first quarter. ...
UK tax burden will soar to highest level for 30 years, warns IFS image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:00:11 AM
....But slower economic growth after the Brexit vote and lower than expected tax receipts will still leave the UK with one of the largest shortfalls in public spending in the developed world, according to the Institute for Fiscal Studies. The leading tax and spending thinktank said downgrades in GDP growth over the next four years would strain the public finances, which are already on course to be £13bn worse off in this financial year than forecast. ...
Strong dollar drags US growth to slowest pace since 2011 image
Source : Guardian [Read Article] Friday 27th of January 2017 02:15:35 PM
....6% growth in 2015. Analysts said the uncertainty surrounding the outcome of last year’s presidential election and the UK’s Brexit vote meant that forecasts of trade and GDP growth were becoming cloudy and less predictable. ...
UK GDP figures show solid end to 2016 despite Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 03:13:11 PM
....”. The ONS said fourth-quarter GDP growth was dominated by services (worth nearly 80% of the economy), with a strong contribution from retail sales and travel agency services as consumers continued to spend in shops and online. ...

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