uk to lose in shift of economic gravity says pwc
The UK will no longer be one of the world’s tenth largest economies in less than 40 years, according to estimates by PricewaterhouseCoopers (PwC).
The UK will no longer be one of the world’s tenth largest economies in less than 40 years, according to estimates by PricewaterhouseCoopers (PwC).
Financial advisers are divided on how they expect the UK economy to perform over the course of 2013 but most fear stubbornly low growth, new research has found.
The UK’s service sector has contracted for the first time in two years, adding to concerns that the economy is heading into triple-dip recession, a closely watched survey shows.
The UK economy is likely to falter further throughout the coming year, leading think tanks have warned.
The UK economy grew by less than originally thought in the third quarter of the year, according to revisions to official data.
The last year saw the UK mired in a double-dip recession until the Olympic boost helped the economy to finally achieve some growth.
The UK is “clearly” at risk of being hit by a triple-dip recession and could be heading towards a Japanese-style "lost decade", business secretary Vince Cable claims.
After the Autumn Statement, the ratings agencies asserted that the UK's AAA rating is even more at risk, to which Ian Kernohan now asks "So what?" as we will be in good company should we fall to AA+.
UK manufacturing output dropped sharply during October, according to the latest data, heightening fears that the country is on the brink of a third recession.
The UK appears to be closer to being stripped of its coveted AAA credit rating after the Autumn Statement confirmed the scale of the challenges facing the country.
Manufacturing activity improved in the UK last month although the economy is still at risk of contracting over the fourth quarter, the latest purchasing managers’ index (PMI) shows.
The US housing market, “where the problems all started”, is a bright spot in an otherwise BBB (brittle, bumpy and below-par) recovery, according to Schroders’ chief economist Keith Wade.