News — GDP

GDP forecasts

December 30, 2013 • Bank of England • GDP • George Osborne

As 2013 draws to a close, can we look forward to a more prosperous New Year? This time last year the talk was of an historic triple-dip recession. That did not happen and virtually all current indicators provide a more positive outlook for 2014. The easiest job at the moment must be George Osborne’s script-writer ‘..unemployment down, employment up, inflation down, confidence up, a recovery in the housing market..’ just for starters. Looking forward, the magic number for 2014 is 2.4%, with the CBI, the OBR and OECD all expecting this level of growth, and with the IMF forecast a...

UK growth latest

July 9, 2013 • GDP • Growth

As expected, the UK economy grew by around 0.6% in second quarter of 2013, according to provisional estimates released by the ONS today. This follows 0.3% growth in the first quarter and, with two consecutive quarters of positive GDP the UK economy is ‘officially’ growing.

UK avoids triple dip recession

May 5, 2013 • GDP • Growth

As expected, the UK economy has escaped from a triple-dip recession by the skin of its teeth with a return to positive growth of just 0.3% in the first quarter of 2013, according to provisional estimates released by the ONS today.