UK growth revised up as election kicks off
The United Kingdom’s economic growth has been revised up by the Office for National Statistics the day after parliament was dissolved for the formal start of the election campaign.
The United Kingdom’s economic growth has been revised up by the Office for National Statistics the day after parliament was dissolved for the formal start of the election campaign.
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Royal London Asset Managements Ian Kernohan says despite new GDP numbers from the ONS RLAM still expects interest rates to rise very gradually in 2015.
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The United States economy sent out another signal of strength today as GDP was confirmed to be
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The UK, in stark contrast to Eurozone heavyweights France and Germany, received good economic news once again as its GDP growth was revised up to 3.2% year on year.
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According to Royal Londons Ian Kernohan, although asset allocation currently still favours equities over bonds there are a number of pressures now acting against that view.
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The United States Bureau of Economic Analysis has said the US economy grew a surprisingly strong 4% year-on-year during the second quarter.
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A revised GDP forecast shines a light on UK economy recovery, but weak productivity performance shadows improved figures.
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Schroders is expecting a modest pickup in Indian growth, reaching 5% this year.
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Confidence in UK business has reached a record high though floundering exports could mean this is short-lived.
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This year has seen sentiment towards the UK economic outlook turn full circle, from worries about a triple-dip recession to talk of an unsustainable housing boom, writes Ian Kernohan, Royal London Asset Management economist.
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Last month was the worst November for gold prices in more than 30 years, but investors pounced on the precious metals weakness to add to their positions.
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