interestrateripoff Posted January 25, 2015 Share Posted January 25, 2015 http://www.bloomberg.com/news/2015-01-25/u-k-consumers-push-back-as-euro-area-weakness-weighs-on-economy.html British exporters are taking a knock from the sluggishness of the euro area, leaving consumers fueling much of the fire behind the expansion. Households ramped up spending in stores at the fastest pace in more than a decade in the fourth quarter, and data Tuesday will show how much that checked the impact of weak external demand. Economists forecast growth of 0.6 percent in the three months, down from 0.7 percent in the third quarter. While the buildup to the general election in less than four months may weigh on confidence, further stimulus may reverse the cooling trend. The European Central Bank will pump $1.3 trillion into the economy of Britain’s biggest trading partner, while a slump in oil prices and strengthening wage growth are handing Britons the spending power they’ve been missing for years. “Growth is pulling back but the recovery hasn’t stumbled,” said Victoria Clarke, an economist at Investec Securities in London. “We’re expecting an improvement in Europe and oil might mean a big boost to consumer spending, with more to come from what we’ve already seen.” This is George rebalancing the economy. Sustainable and rebalanced..... Quote Link to comment Share on other sites More sharing options...
Untoward Posted January 25, 2015 Share Posted January 25, 2015 Consumer Spending (Debt) will propel the United Kingdom to the forefront of the Global Economy. Brilliant, absolutely brilliant. This Country is F@cked. Quote Link to comment Share on other sites More sharing options...
John The Pessimist Posted January 25, 2015 Share Posted January 25, 2015 Let me guess...... we're gonna get rich selling ringtones to each other? Quote Link to comment Share on other sites More sharing options...
DabHand Posted January 26, 2015 Share Posted January 26, 2015 ...and flatly contradicts the deflation (and end of retail spending as we know it) meme, being peddled to us from all angles. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 26, 2015 Share Posted January 26, 2015 (edited) Trick question.. There is no recovery. Edited January 26, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 26, 2015 Author Share Posted January 26, 2015 UK economic recovery running out of steam, forecasters say Growth expected to slow to 0.6% in last quarter says poll of economists but annual GDP rise could be 2.6% – the strongest since financial crisis Quote Link to comment Share on other sites More sharing options...
BalancedBear Posted January 26, 2015 Share Posted January 26, 2015 http://www.bloomberg.com/news/2015-01-25/u-k-consumers-push-back-as-euro-area-weakness-weighs-on-economy.html This is George rebalancing the economy. Sustainable and rebalanced..... Many British exporters only export to the EU and don't go any further. Apparently Ireland exports more to China than the UK does. UK companies have to start opening up the emerging markets. The Germans have been doing so for quite a while. As one example - 1/3rd of all Audis made are now sold in China. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 26, 2015 Share Posted January 26, 2015 Any pyramid scheme just needs new entrants at the bottom. Help to Buy Bail Banks achieves that. The governbankment has realised a few cheap props are value for their our money. They think throwing a few pounds at the housing market is a good bet because equity release spending comes out at the other end. Make the proles have to work more hours for a shelter and the extra taxes they pay makes it self funding. Quote Link to comment Share on other sites More sharing options...
Samboy Posted January 26, 2015 Share Posted January 26, 2015 Many British exporters only export to the EU and don't go any further. Apparently Ireland exports more to China than the UK does. UK companies have to start opening up the emerging markets. The Germans have been doing so for quite a while. As one example - 1/3rd of all Audis made are now sold in China. We export weapons all over the place, hence why Dave and Chrlie were in Saudi to keep this client happy. Have to love the way they fly out there to show respects to a totalitarian regime that makes ISIL look acceptable yet they keep their distance from the new democratically elected Greek Prime Minister. Quote Link to comment Share on other sites More sharing options...
Errol Posted January 26, 2015 Share Posted January 26, 2015 There was no recovery so there is nothing to run out of steam. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 26, 2015 Share Posted January 26, 2015 There was no recovery so there is nothing to run out of steam. Free money has been spend on over priced houses....more free money needed. Free money ran out of steam, I think they are saying. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted January 26, 2015 Share Posted January 26, 2015 I guess a lot of the "growth" form the past 5 years had come from lower interest rates. We will see how long that lasts, before it's reversed. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 26, 2015 Share Posted January 26, 2015 UK economic recovery running out of steam, forecasters say Growth expected to slow to 0.6% in last quarter says poll of economists but annual GDP rise could be 2.6% – the strongest since financial crisis Quality not quantity..... Quote Link to comment Share on other sites More sharing options...
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