Although Sainsbury’s acquisition of Argos parent company, Home Retail Group, helped curb the negative effects of weaker sterling and inflation, the group is bracing itself for a slowdown and a hit to retail sales.
US real GDP increased at an annual rate of 0.7% in the first quarter, the slowest pace since the first quarter of 2014.
The UK economy grew at a lower-than-expected 0.3% year-on-year in the first quarter as inflation dented the services sector.
Weaker sterling has helped reduce the UK account deficit beyond expectations, but Société Générale’s chief UK economist Brian Hilliard suspects sour Brexit negotiations will prevent it from falling too far.
The UK economy grew by a confirmed 0.7% in the final quarter of 2016, according to the Office for National Statistics (ONS).
Markets have faltered over fears of a gap between what president Trump promised against what he can deliver – so is positive macro news across the pond all its cracked up to be for an investor?
Growth in the US economy slowed in the last three months of 2016 according to early estimates from the Bureau of Economic Analysis released on Friday.
United Kingdom annualised GDP growth was reported to have held at provisional estimate of 2.3% in the third quarter of 2016 despite the Brexit vote.
The UK economy beat Q3 growth expectations with a reported 0.5% rise in GDP, with the services sector acting as ballast to other major industry sector declines.
The United Kingdom economy has produced another set of strong post referendum numbers as it continues to appear in a robust state despite the upcoming Brexit talks.
Ahead of the Bank of Japan’s policy meeting on Wednesday, BNY Mellon’s Miyuki Kashima argued Abenomics has not run out of steam and despite the negative headlines, there are encouraging signs of economic recovery.
There has been no shortage of doom and gloom despite the outbreak of something resembling summer in the United Kingdom this week.
