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Search ResultsShowing 11 - 20 of 35 results for "UK GDP"
Chief economist update: UK economy slows on Brexit woes
BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... perhaps not. But the point is that the British economy has indeed slowed sharply in the last three months of last year. UK GDP growth slowed to a mere 0.2% in the fourth quarter of 2018 following growth of 0.6% in the third quarter. Just as the BOE explained ...
Chief economist update: disUnited Kingdom
BENJAMIN ONG  |  WEDNESDAY, 16 JAN 2019
... But I digress. Despite the uncertainty borne of Brexit, the UK economy largely remains resilient since the referendum. UK GDP growth has slowed only slightly from 1.7% in the year to the June quarter of 2016 to 1.5% in the September quarter of 2018 (latest ...
Chief economist update: BOE waiting on Brexit
BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
... growth has been stronger than expected, rising to over 3%. Although modest by historical standards, the projected pace of UK GDP growth is slightly faster than the diminished rate of supply growth, which averages around 11/2% per year. A margin of excess ...
Chief economist update: US bond yield jump made FTSE slump
BENJAMIN ONG  |  FRIDAY, 5 OCT 2018
... would hasten the BOE's rate hikes. Not least because of bank's optimistic observation on the domestic economy: "UK GDP grew by 0.4% in 2018 Q2 and by 0.6% in the three months to July. The UK labour market has continued to tighten, with the unemployment ...
Chief economist update: Rush hour is over for the BOE
BENJAMIN ONG  |  TUESDAY, 5 JUN 2018
... it did nothing but then it's more accurate to say that the BOE reacted to changed developments in the UK economy. UK GDP growth slowed to an annual rate of 1.2% in the March quarter from 1.4% in the year to the December 2017 quarter. This is the ...
Chief economist update: BOE fails market expectations
BENJAMIN ONG  |  FRIDAY, 11 MAY 2018
... surprising given the BOE's rationale for maintaining current policy settings - the sharp slowdown in first quarter GDP growth. UK GDP expanded by 1.2% in the year to the first quarter of 2018 from 1.4% in the previous quarter. This is less than market ...
Chief economist update: Trump trumps Brexit
BENJAMIN ONG  |  TUESDAY, 10 APR 2018
... Minister Theresa May and Bank of England (BOE) governor Mark Carney could at least focus on the domestic economy. While UK GDP growth slowed to annual rate of 1.4% in the year to the December 2017 quarter (the weakest since the June 2012 quarter) from ...
What price Brexit certainty?
BENJAMIN ONG  |  MONDAY, 20 NOV 2017
... account for a bigger portion of its economy. According to fullfact.org, Britain's exports to EU countries account for 12% of UK GDP. In contrasts, EU exports to the UK are worth only around 3% of EU (less UK) GDP. But UK prime minister May can still ...
Inflation matters
BENJAMIN ONG  |  WEDNESDAY, 26 JUL 2017
... good outlook for consumer demand. Not a good one for the economy overall as household spending accounts for over 65% of UK GDP. Reducing policy accommodation soon risks a further slowdown in consumer spending (and rising household debt). Likewise, higher ...
Data dictates immediate BOE action
BENJAMIN ONG  |  WEDNESDAY, 5 JUL 2017
... trade-off facing the MPC continues to lessen..." That trade-off, of course, is between unemployment/growth and inflation. UK GDP growth accelerated to 2% in the year to the first quarter from 1.9% in the previous one. The unemployment rate remained at ...
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