The latest estimates from the British Chambers of Commerce suggest that the UK economy will exceed its 2008 peak from before the economic crisis very soon – as early as this Summer. Economic growth for the year has been upgraded to 2.8% from 2.7% by the BCC and economic analysts actually believe that the organisation…
Perhaps giving some merit to the saying “95% of statistics are made up”, the Office for National Statistics (ONS) have today revised their economic figures for the first quarter of 2012. You may remember that this was thought to be the second consecutive period of contraction and so it was officially considered another recession. This…
Even with the largest one-day fall in a year, the FTSE 100 was able to continue the impressive record of gains for 12 consecutive months by finishing strongly on Friday night to close out May. This is it’s longest ever consecutive winning streak. How much of this do you think is due to quantitative easing…
This economic recovery seems to be particularly fragile in the UK, despite it now being five years since the original crash. The stock market jitter last week served as a reminder that it probably would not take much to derail the economy once again. We can’t predict where the next shock will happen – it…
The official economic figures from the Office for National Statistics for the first quarter of 2013 are in and they were exactly as expected when estimated last month – a growth of 0.3%. This has meant that the UK has avoided the dreaded triple-dip recession that we all feared. But we are not exactly out…
In Sir Mervyn King’s final quarterly inflation report as the governor of the Bank of England, he has predicted modest economic growth for the remainder of 2013 and also a fall in inflation. The rise in growth for the second quarter of 2013 is likely to be 0.5%, which will add to the 0.3% growth…
Good news for our North American readers today as the latest US nonfarm payrolls – the compiled name for all goods-producing, construction and manufacturing companies – revealed that 165,000 new jobs were created last month. That’s 20,000 more than expected by economists and means that unemployment in the US is now 7.5%, the lowest level…
The International Monetary Fund – who seem to have been delivering us nothing but bad news for the past four years – has lowered their growth forecast for most developed countries, including the UK. Six months ago they predicted that worldwide growth would be 3.5% but yesterday they announced it would be lowered to 3.3%.…
I am sure that you saw the news yesterday where they were reporting the latest UK economic growth figures. According to the Office for National Statistics (ONS), the UK economy grew by 0.5% in the third quarter of 2011, compared with 0.1% growth in the previous quarter. That may seem like things are getting better…
