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Showing 1 - 10 of 13 results for "UK GDP growth"

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
... 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
... 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 2020 ...

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: Breaking up is hard to do

BENJAMIN ONG  |  THURSDAY, 14 MAR 2019
... 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 economy ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... 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
... 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
... 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 demand ...

Chief economist update: Rush hour is over for the BOE

BENJAMIN ONG  |  TUESDAY, 5 JUN 2018
... 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 slowest ...

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 ...
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