Posts Tagged ‘recovery’
Japanese Q4 economic growth figures revised downwards
The Cabinet Office today revealed the world’s no.2 economy grew at a slower rate in the fourth quarter than previous estimates showed.
According to official figures, the Japanese economy grew by 0.9% between the October and December period, rather than the 1.1% previously estimated.
On an annual basis, the Japanese economy grew at a rate of 3.8% [...]
UK retail sales recover in February
The British Retail Consortium (BRC) has today revealed the High Street recovered in February after a dismal January, which saw shoppers avoid the stores due to the heavy snowfall.
According to the BRC, like-for-like sales were up 2.2% on the year but analysts issued caution since the figures compare with poor trading in February 2009.
Furthermore, food [...]
Recovery will be “sluggish”, expert claims
Recent increases in the purchasing managers index (PMI) should not be taken as an indication that Britain is entering a strong recovery, one expert has claimed.
Vicky Redwood, economist at Capital Economics, said economic recovery will be “sluggish” over the next two years.
She made the remarks despite conceding that PMI data released this week was “pretty [...]
BoE keeps interest rates and QE on hold
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month.
In addition, it has opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to stimulate growth [...]