UK economy continues to surprise
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.
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.
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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.
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There has been no shortage of doom and gloom despite the outbreak of something resembling summer in the United Kingdom this week.
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Moody’s Investors Service has downgraded its forecasts for UK growth on the back of Brexit uncertainty.
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As the Brexit vote looms the focus is on what it will mean for Britain, but there is another side to this coin.
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The United Kingdom’s gross domestic product growth for the first quarter of this year was confirmed as 0.4% this morning by the Office for National Statistics.
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The latest official UK GDP figures showed 0.4% growth in the first quarter of 2016 in line with forecasts, and down from 0.6% the previous quarter.
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Japanese company profits are performing much better than those in the US or Europe, according to Nikko Asset Management.
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India overtook China as the world’s fastest growing major economy on Monday, leading some asset allocators to suggest it might be time to put China allocations on hold and opt for India instead.
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China’s gross domestic product growth slipped to a 25-year low of 6.9% in 2015 it was confirmed today, but markets were largely unconcerned.
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The Eurozone has been a major beneficiary of the shift in terms of trade between energy producers and consumers.
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The upward revision to US GDP data may not suggest real strength in the US economy, but it cements the case for a December rate rise, argue fund managers.
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