UK economy: positive outlook

Article Abstract:

Gross domestic product for the UK was up by 2.5% in 1st half 1995. This could reach 3.1% for full-year 1995, according to SBC Warburg. Warburg had previously estimated 3.7% growth, but the company still sees growth above trend for the two to three years from 1995. Inflation looks set to rise, and political considerations will affect levels of interest rates, The UK chancellor and Bank of England disagree on interest rate policies, and this means that there is uncertainty over monetary policy.

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UK economy: sharp slowdown

Article Abstract:

The UK economy will be affected by a build up of stocks in 1996, according to Goldman Sachs, which forecasts slower growth than the UK chancellor. Output reductions could lead to a drop in gross domestic product growth of 1%, and hiring is also likely to be reduced. Economic growth of 1.7% is more likely than the 3% predicted by the UK chancellor, though inflation is likely to be subdued due to low pressure form wage demands and weak levels of output.

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UK economy: rate reversal?

Article Abstract:

The UK economy may grow more rapidly than the government forecast of 3% for 1996, boosted by consumer spending, according to Richard Jeffrey from Charterhouse. Real incomes will be boosted by a number of factors such as tax cuts, lower mortgage rates and higher wages. Windfalls such as that arising from the National Grid flotation, will also help boost spending. The Bank of England may thus seek to raise interest rates from the end of 1996.

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