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Showing 1 - 10 of 35 results for "UK GDP"

Chief economist update: More money for reimposed lockdown

BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
... from November 5 to 2 December 2020. Because of this - and including the impact of Brexit -- the central bank now expects UK GDP to contract by 2.0% in the fourth quarter from its previous estimate of a 3.5% recovery. The BOE downgraded its 2020 GDP forecast ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... measures amounting to around 5% of GDP. Still, latest data show that the UK economy is heading for an even deeper dive. UK GDP growth plunged by 10.4% in the three months to April following a 2.0% contraction in the previous month. Worse, despite the ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... "horrible" events which happened to the royal family back then but she might as well have described the state of the UK economy. UK GDP growth shrank for the seventh straight quarter in June 1992 and the pound sterling was forced out of the Exchange ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... stats suggest that Carney is leaving the UK weaker than when he found it. When Carney assumed the position on 1 July 2013, UK GDP growth was clocked at 2.9% (in the year to the June 2013 quarter), it slowed to 1.3% (September 2019 quarter). The January ...

Westpac appoints new chair

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... also held roles as chair of TheCityUK, the UK's coordinating financial services body which accounts for 11% of the UK GDP with over 1.3 million employees. "This experience, coup-led with his strong customer and employee focus, will be invaluable ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... outcome of the Brexit negotiations over the next 12 months. Carney has every right to be concerned. The annual growth in UK GDP has slowed from 2.0% in the March quarter of last year to 1.1% in the September quarter (latest). Similarly, headline inflation ...

Chief economist update: Brexit la la la

BENJAMIN ONG  |  FRIDAY, 8 NOV 2019
... These agreements are expected to remove some of the uncertainty facing businesses and households, and the MPC projects that UK GDP growth will pick up during 2020," BOE said. Then again, the BOE's is prepared for the worst and is ready to act if ...

Chief economist update: The fear of Brexit

BENJAMIN ONG  |  THURSDAY, 29 AUG 2019
... the EU." It's just the uncertainty - or in Bacon's words "the fear of death" - that makes Brexit fearsome. Sure, UK GDP has contracted by 0.2% in the June 2019 quarter, but so has Germany (-0.1%) - the EU's biggest economy - and Italy's ...

Chief economist update: The UK is not OK

BENJAMIN ONG  |  MONDAY, 12 AUG 2019
... BOE's "no growth" forecast was still optimistic. The Office for National Statistics (ONS) preliminary estimate show UK GDP contracted by 0.2% in the second quarter - the first quarterly rate of decline since the December quarter of 2012 - taking ...

Chief economist update: BOE going the wrong way?

BENJAMIN ONG  |  TUESDAY, 11 JUN 2019
Mexico (and the world) is breathing a sigh of relief after Trump's tweet "indefinitely" suspending his tariff threat against America's southern neighbour. But POTUS being Trump, he's exploited this "win" to issue fresh tariff threats versus ...
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