FOREX TradingCharts.com

Financial News: U.K. GDP Growth Set To Ease In 2017:

U.K. GDP Growth Set To Ease In 2017: NIESR

01/31/2017 - 23:40:00 (RTTNews)

(RTTNews) - The U.K. economy is set to see a slower growth this year, the National Institute of Economic and Social Research said Tuesday.

The think tank expects the economy to grow 1.7 percent this year and 1.9 percent next year, slower than the 2 percent estimated for 2016.

The resilience of the economy in 2016 has largely been supported by robust expansion in real consumer spending.

The institute said the composition of growth is set to rebalance towards net trade, as the headwinds facing households from the erosion of their real incomes weigh on consumer spending, while the depreciation of sterling supports net trade.

Driven by sharp depreciation of sterling, inflation is forecast to rise throughout the year. Inflation is expected to average 3.3 percent this year and 2.9 percent in 2018, returning back to the Bank of England's mandated target in 2020.

The think tank further expect the BoE to 'look through' the temporary period of above target inflation and to keep interest rates unchanged until the middle of 2019.

As a result of the mild slowdown of the economy, the institute expects the unemployment rate to edge up to an annual average of 5.1 percent of the labor force in 2017 and 5.4 percent in 2018.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Construction Spending Unexpectedly Drops 1.0% In January (02 hr(s), 14 min(s), 34 sec(s) ago)
(RTTNews) - Construction spending in the U.S. unexpectedly decreased in the month of January, acco ...Full Story»

U.S. Manufacturing Index Indicates Fastest Growth In Over Two Years (02 hr(s), 22 min(s), 34 sec(s) ago)
(RTTNews) - Growth in U.S. manufacturing activity accelerated by much more than anticipated in the ...Full Story»

U.S. Personal Income Climbs 0.4% In January, More Than Expected (03 hr(s), 38 min(s), 34 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Wednesday showing a slightly bigger ...Full Story»

German Inflation Highest Since Aug 2012 (03 hr(s), 58 min(s), 34 sec(s) ago)
(RTTNews) - Germany's inflation accelerated more-than-expected in February to its highest leve ...Full Story»

U.S. Personal Income Climbs More Than Expected In January (04 hr(s), 06 min(s), 34 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Wednesday showing a slightly bigger ...Full Story»

UK Manufacturing Growth Moderates; Consumer Credit Remains Weak (05 hr(s), 14 min(s), 34 sec(s) ago)
(RTTNews) - British manufacturing sector continued to expand in February on output and orders but ...Full Story»

Greece Manufacturing Downturn Continues In February (05 hr(s), 44 min(s), 34 sec(s) ago)
(RTTNews) - Greece's manufacturing sector contracted for the sixth consecutive month in Februa ...Full Story»

Portugal Q4 Annual Growth Revised Up (05 hr(s), 56 min(s), 34 sec(s) ago)
(RTTNews) - Portugal's economy grew at a slightly faster annual pace than estimated earlier in ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Construction Spending Unexpectedly Drops 1.0% In January

03/01/2017 - 10:29 AM (RTTNews)
(RTTNews) - Construction spending in the U.S. unexpectedly decreased in the month of January, acco ...Full Story>>

U.S. Manufacturing Index Indicates Fastest Growth In Over Two Years

03/01/2017 - 10:21 AM (RTTNews)
(RTTNews) - Growth in U.S. manufacturing activity accelerated by much more than anticipated in the ...Full Story>>

U.S. Personal Income Climbs 0.4% In January, More Than Expected

03/01/2017 - 09:05 AM (RTTNews)
(RTTNews) - While the Commerce Department released a report on Wednesday showing a slightly bigger ...Full Story>>

German Inflation Highest Since Aug 2012

03/01/2017 - 08:45 AM (RTTNews)
(RTTNews) - Germany's inflation accelerated more-than-expected in February to its highest leve ...Full Story>>

U.S. Personal Income Climbs More Than Expected In January

03/01/2017 - 08:37 AM (RTTNews)
(RTTNews) - While the Commerce Department released a report on Wednesday showing a slightly bigger ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.