Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Britons Have Greater Than Usual Interest on First Quarter Growth Data

By Kevin Cook Subscribe to RSS | April 30th 2012 | Views:
loading
 
  



Britons have greater than usual interest on the release of first-quarter growth data, wondering whether the figures will show the country is back in recession or not, a state that could hammer business and consumer morale with its success and failure. On this, Philip Shaw, Investec economist said that a negative figure would carry political ramifications, but there'd be almost nothing the government could do about it. The budget has been and gone, and at this stage they don't have any scope for fiscal adjustment. Mr. Shaw says that a negative figure would carry political ramifications, but there'd be almost nothing the government could do about it.

Moreover, an apparent slump in construction at the turn of the year means Britain's services sector will have to report solid growth if the economy is to avoid the two straight quarters of contraction that signal recession. Most economists believe that Britain will have scraped through with growth of 0.1 percent or slightly more in the first three months of this year, but a sizeable minority sees a slight contraction.

In the final three months of 2011, Britain's economy shrank by 0.3 percent. However, most private-sector surveys since then such as those from purchasing managers and that from the British Chambers of Commerce have pointed to moderate growth. In addition, official data has shown that the unemployment rate fell for the first time in nine months in February, and first-quarter retail sales volumes rose by 0.8 percent. Moreover, industrial output for the three months to February fell 0.5 percent. Construction output slumped more than 15 percent in the same period, albeit on a non-seasonally adjusted basis. In fact, even when seasonal adjustment, a likely rebound in March and construction's small share of GDP are taken into account, economists reckon the sector is likely to knock 0.5 percent of GDP, placing a heavy onus on other areas to create growth. Apply for text loans and get quick cash for your urgent needs.

But, none of these figures contribute directly to the Office for National Statistics's (ONS) estimate of first-quarter GDP and the figures that do have generally been disheartening. On the remarks of ONS, the Bank of England has said that it believes the economy is healthier than the ONS data is likely to suggest, and is unwilling to sanction more monetary stimulus. But it acknowledges a risk that the public might not see it that way, potentially causing a vicious circle of falling demand.

Kevin Cook - About Author:
Kevin Cook an expert financial adviser ,he wrote a article on text loans, payday text loans, bad credit text loans, mobile text loans mini loans and text loans no credit checks

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/britons-have-greater-than-usual-interest-on-first-quarter-growth-data.htm

Related Loans Articles Subscribe to RSS

Doorstep Loans No Credit Checks - Get simple finance with quick approval
Published by Rechard Thomas on January 7th 2012 | Loans
People have the freedom to use the amount received from doorstep loans no credit check. Doorstep loa...
 
Improved economic condition of Britain after risk of recession
Published by Jeniffer Thomus on December 30th 2011 | Loans
The economy of Britain has taken up on a new high, even more than what was expected to be. The analy...
 
Get Lo Doc car finance fast approval
Published by Julia Bennet on June 15th 2012 | Loans
When someone applies for a car loan what they want is the best rate of interest and fast approval. T...
 
Avail finance online and help yourself to overcome the economic disaster
Published by John Martin on December 16th 2011 | Loans
Apply for finance online and save your precious time and get funds in hassle free manner at the comf...
 
Any creditor can apply for finance aid in very easy manner
Published by Sam Hopkins on December 10th 2011 | Loans
You are in dire need of finance, but not able to get it because of mistakes you have done in past re...
 
Getting your business the finance it needs
Published by Mathias Scott on March 7th 2012 | Loans
Numerous businesses are having a tough time receiving funding. The recent recession was no help eith...
 
Debtor finance – general considerations
Published by Adair Sawyer on May 11th 2012 | Finance
Many companies find themselves in the impossibility of further developing their business because the...
 
Obtained at any time whenever you require funds through online finance
Published by Jack Paul on December 13th 2011 | Loans
Modern day requirement are forcing people to go for financial help. They to meet their requirements ...
 
12 MONTH LOANS FOR BAD CREDIT - Abrupt finance for unhealthy creditors without any restriction!!!
Published by Thom Lee on March 14th 2012 | Loans
12 month loans for bad credit may be a short term cash resolution against that you'll be able to get...
 
Faulty finance intended to increase values of homes
Published by Sli Dell on March 10th 2012 | Finance
After an allegation of faulty loans on UK banks created a serious problem for them. Specific allegat...
 
Apply for finance and meet your financial problems with ease
Published by King Loothar on December 15th 2011 | Loans
When people are in financial crunch then only way out for them is borrow funds from financer. And re...
 
90 day loans bad credit-Great assistance of finance
Published by Galvin Colton on July 20th 2012 | Loans
If you are taking quick funds from 90 day loans bad credit, you can fight unexpected fiscal worries ...
 
Text Loans - Now you can get easy finance online via message
Published by Jack Cook on March 22nd 2012 | Loans
There is lot of sources to avail cash in the market but the simplest is the finance you get by sendi...
 
Quick Text Loans- astonishing opportunity to obtain finance quickly
Published by Calvien Peter on November 30th 2011 | Finance
Quick Text Loans are enormous funds that are availed to candidates on sending an easy text to your a...
 
Personal loans for bad credit history avail the easiest mode to apply for finance.
Published by Moon Thomas on January 26th 2012 | Loans
Now it is very easy to get loans for people with bad credit score. We offer a convenient loan for yo...
 
Meet all needs through quick finance available online
Published by DavidVila on January 3rd 2012 | Loans
People who are deprived of finance due to some reasons can cheer now and apply for funds through bes...
 
FTSE Brings Good News in the period of recession in UK
Published by Kevin Cook on April 6th 2012 | Loans
The UK market would enjoy ten years of continuous earnings growth and cash rich corporate balance sh...
 
No Credit Check Loans- Raise finance immediately without credit check
Published by Serjeant Doherty on March 20th 2012 | Loans
No credit check loans are boon for those who are suffering from multiple bad credit problems. With t...
 
Cash Loans No Credit Check Canada: Alleviation of finance crisis
Published by Lily Jacobs on March 12th 2012 | Finance
Cash loans no credit check Canada are an ideal option available to the salaried people of Canada to ...
 
Acquisition of helpful funds at the home via online finance
Published by Look Right on March 12th 2012 | Loans
Now the cash is available at your footsteps and you can acquire funds by sitting at your home and me...