NIESR raises UK growth forecasts as consumers spend more

Most favorable price : sales@hellerbearings.com

We can provide free samples . Please contact Email for any inquiries

UK consumer spending more that the economy will grow faster than previously thought this year and in 2014, the macroeconomic leading think tank said on Friday.
National Institute of Economic and Social Research (NIESR) raised its 2013 and 2014 economic growth forecast by 0.3 percentage point to 1.2% this year, 1.8% next year.
Posted in 2012, a slight increase of only 0.2%, the British economy grew by 0.3% in the first three months from the first three months of this year by 0.6% in the second quarter.
NIESR said: "The improved outlook for economic growth is mainly due to an increase in consumer spending growth prospects."
Now its growth forecast slightly higher than July 11 for the second quarter GDP data released prior to the consensus of economists polled by Reuters. They are also stronger than the International Monetary Fund (IMF) latest forecast.
However, NIESR sustainability of consumer demand questioned, and that it is driven, rather than higher disposable incomes lower household savings.
"Although consumer spending growth is a necessary component of a balanced recovery will require net exports and gross fixed capital formation is a major contribution, we see relatively few signs," NIESR said that.

 

234407BM 234706BM 234406BM 517/2860V/YA 5610/2500 517/1720X1V 527/1181M 510/1180M 517/930 510/670 590/560 510/500 52780 59080 517/368M 51760U 517/238 6207-2ZN 6206-2ZN 6205-2ZN 6204-2ZN 6203-RZ 6203-2ZN 6202N 6202-2ZN 6201-2ZN 6200ZZ 6200-2ZN 62/32-ZN 62/32-Z 62/32N 62/32-2Z 62/32-2RZ 62/32-2RS 62/28-2RZ 62/22-2RZ 61996 61992 61988 61984

Introduction

Portfolio Image
Portfolio Image
Portfolio Image
Portfolio Image
Portfolio Image
Top