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The Business: Cheers As World Economic Growth Stages Strong Recovery.

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'Cheers as world economic growth stages strong recovery':


The good news is most pronounced in the US, the world's largest economy, which suffered a disappointing end to last year. The UK economy is also doing better, boosted by a return of house-price inflation and faster consumer spending, as are the euro zone and Japan.

David Smith, chief economist at Williams de Broƫ, said: "The British economy seems to have acted a bit like the bouncing bomb in the film the Dam Busters: it hit the surface last autumn, but did not sink, and now seems to be rebounding again. There are signs of a pick-up in the housing market, retail sales and industrial surveys."

Partly as a result of the stronger growth, there is an 85% chance that the Bank of England Monetary Policy Committee will keep interest rates on hold at 4.5% this week, according to a poll of economists from research firm Ideaglobal. The economists also said they thought sterling would hit a high of $1.85 in May.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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