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Uk Economic Growth Predicted To Slow As Construction Industry Struggles

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UK economic growth predicted to slow as construction industry struggles

Britain’s economy will grow at a slower pace this year and faces serious risks from weak productivity and a troubled eurozone, a leading thinktank has warned.

The National Institute of Economic and Social Research (NIESR) has cut its forecast for growth this year to 2.5%, down from 2.9% pencilled in three months ago and below the 2.8% rate last year. The move follows much weaker than expected official GDP figures for the first quarter, which saw Britain’s growth rate halve to 0.3%.

Those figures and the downgrade from NIESR come as a blow to the Conservatives before the election. But the thinktank said the rocky start to 2015 appeared to be a blip and the overall picture was of a “reasonably stable” recovery.

“There are undoubtedly concerns that this quarter is the harbinger of a pervasive slowdown. However, this is probably just a temporary deceleration, partly related to a fall in construction output, a sector that is particularly volatile,” said NIESR’s principal research fellow Simon Kirby.

UK economic growth predicted to slow as construction industry struggles

Clearly the UK debt drones aren't borrowing enough!!!!

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UK construction output falls for third month in September - ONS

British construction output fell unexpectedly for a third consecutive month in September, in figures that confirm the sector's drag on growth in the third quarter, official data showed on Friday. Construction output fell 0.2 percent in September, after a hefty 3.4 percent decline in August and against expectations for a 1.5 percent rise, the Office for National Statistics said on Friday. On the year, it dropped 1.6 percent in September, the biggest drop over two years and against forecasts for a smaller 0.3 percent decline in a Reuters poll.

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There's something they haven't tried yet to "BOOST" the UK.

They need to air Homes Under The Hammer on huge 75" plasma screens on public transport, public buildings, and motorway gantries, on maximum volume, 24-7.

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