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Search ResultsShowing 1 - 10 of 34 results for "UK GDP"
Chief economist update: Annus horribilis with a vengeance
BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... 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 Rate Mechanism ...
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
... 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 necessary ...
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 ...
Chief economist update: Breaking up is hard to do
BENJAMIN ONG  |  THURSDAY, 14 MAR 2019
... despite expectations of the UK's divorce from the European Union, Britain's economy continues to do A-OK. Sure, UK GDP growth has slowed but which G7 economy hasn't over the past year? Not only that, data shows that as Q4 2018, the British ...
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 ...
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