Tuesday 4 May 2010

'Clouds gathering for UK economy', warns LSR

The British economy should start 2011 with a fair amount of momentum, but growth could subside over the course of the year, according to the Quarterly UK Economic Forecast published by Lombard Street Research (LSR).


In the second half of 2011, the year-on-year rise in real GDP is unlikely to be much above 2%. Jamie Dannhauser, a senior economist at LSR, says this prediction reflects the deflationary consequences of fiscal tightening and limited, or even negative, growth in the eurozone, Britain’s main export market.

LSR says the outlook for the eurozone continue to deteriorate, threatening the long awaited rebalancing of the British economy towards exports. “Beyond a potentially quite strong rebound this year, there are clouds gathering for the UK economy in 2011,” the report says. more...

0 comments:

Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by Ourblogtemplates.com 2008

Back to TOP