Markets

The pound continues to dive after dollar ‘sucker punch’

UK GDP estimates in-line: a quarterly growth of 0.4% and annual growth of 1.3%. The figures failed to revive the pound, which hit a fresh year low against the dollar on Friday morning. Sterling is suffering from “no deal” Brexit fears and a strong dollar. LONDON – In line UK […]
The pound continues to dive after dollar ‘sucker punch’
Markets

The closer Britain gets to Brexit, the closer it gets to recession

UK GDP growth was just 0.1% in Q1, and Britain is just 11 months away from Brexit. The housing market is crashing, and Brits are feeling poorer. They have slowed down their consumer spending too. Suddenly, this whole Brexit thing is not looking so rosy. LONDON – The closer Britain […]
The closer Britain gets to Brexit, the closer it gets to recession
Markets

The British economy is growing at its slowest pace in more than 5 years

UK economy grows at its slowest rate in more than five years at the start of 2018. GDP grew by just 0.1% in the quarter, according to the Office for National Statistics. Britain was hit by a combination of “weaker manufacturing growth, subdued consumer-facing industries and construction output falling significantly,” […]
The British economy is growing at its slowest pace in more than 5 years
News

Britain is the only major economy on earth where growth is slowing

Britain’s Gross Domestic Product (GDP) grew 0.4% in the final quarter of 2017, unchanged from the previous reading. GDP grew by 1.4% on a year-to-year basis in the quarter, once again unchanged from February’s reading. Annual growth was revised marginally higher to 1.8%, but the UK is the only major […]
Britain is the only major economy on earth where growth is slowing
News

Britain just became the slowest-growing major economy in the world

Britain’s economy grew just 0.4% in the final quarter of 2017, the ONS said on Thursday. That marks a downward revision from the ONS’ previous estimate that growth was 0.5%. “A number of very small revisions to mining, energy generation, and services were enough to see a slight downward revision,” […]
Britain just became the slowest-growing major economy in the world
News

GDP beats: Britain’s economy grew faster than expected at the end of 2017

Britain’s economy grows 1.5% year-on-year in the fourth quarter of 2017, preliminary ONS estimate shows. Growth was expected to be 1.4%. On a quarter-by-quarter basis, GDP grows 0.5%, also ahead of forecasts. Expansion was driven by the dominant services sector, which accounts for almost 80% of GDP. LONDON – Britain’s […]
GDP beats: Britain’s economy grew faster than expected at the end of 2017