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:

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:

Related Loans Articles Subscribe to RSS

Payday loans for 60 days – best opportunities for taking finance
Published by Vilson Louise on April 7th 2012 | Loans
Payday loans for 60 days assist you in sudden cash crises in order that you'll handle your tiny cash...
Tips on loans and finance investment
Published by Pramod Kumar Singh on May 23rd 2012 | Loans
There are different kinds of loans and different investment options. To know about each one you can ...
Personal loans instant decision- Get quick finance for meeting cash hurdles
Published by Dervin Elbert on July 10th 2012 | Loans
Personal loans instant decision is termed as the best fiscal support for UK residents who are in nee...
Finest car loan finance conditions clarify
Published by MarK Fulton Matthew on February 27th 2012 | Loans
Car loan finances investigate extra about you with no trouble online and only require learning those...
Financial planner in Sydney: your one-stop finance manager
Published by Avena Sowell on January 13th 2012 | Loans
Managing finance is not everybody’s cup of tea; for a better management of your finance it is good...
Overcome the economic disaster through online finance
Published by Jack Paul on January 4th 2012 | Loans
There is lots of fantastic way of getting funds through online method which saves the precious time ...
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...
Secured Business Loans: Avail the easiest mode to apply for finance.
Published by Alexander Thomas on December 18th 2011 | Loans
Through these finances applicant can get the cash for the business. Applicant can apply through onli...
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 ...
Same day loans immediate finance to eliminate monetary adversities swiftly
Published by Angela on January 13th 2012 | Loans
Same day loans are immense advances availed to people who want to free themselves from all their tro...
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...
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...
Bad credit payday loans: Get a good finance for your business.
Published by Alexander Thomas on November 26th 2011 | Loans
These finances are for the people who want fast and easy cash facility. Business person can easily a...
Sought your all financial problem with internet finance
Published by Stevemartin on December 10th 2011 | Loans
Finance through internet is the superb way out of your financial problems as it provides online fund...
Personal finance can be fun - Saving money in this tight economy
Published by Sandra Parker on January 23rd 2012 | Finance
In a tight economy it can become hard for you to save money. But, in actuality if you give importanc...
Payday loans with monthly payments- Enjoy lifestyle with no tension of finance
Published by John Simen on June 12th 2012 | Loans
If you apply for payday loans with monthly payments, you can instantly grab small funds up to $1500....
Fast cash loans- Urgent needs of finance can be resolved
Published by Riyt Leson on April 13th 2012 | Loans
If you want to get quick funds up to $1500, you can apply fast cash loans so that you can fight agai...
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...
Doorstep Loans- Quick finance to fulfill your urgent needs
Published by Johntygolf on November 26th 2011 | Loans
Doorstep loans are considered to be the best option to overcome your financial crisis in the least p...
Take the finance as per your monthly salary
Published by Jackfox on May 23rd 2012 | Loans
When you are in search of quick solution of your monetary problem then assistance of Quick Loans wit...