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

Sort out your petite pecuniary matters through easy finance
Published by Kevin Cook on February 13th 2012 | Loans
There is instant financial service that supplies funds to an individual just by sending a small SMS ...
 
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...
 
Secured loans against logbook: smart way of obtaining finance!
Published by Scarlette Riley on February 8th 2012 | Loans
Secured loans against logbook are mainly designed for borrowers, having a vehicle’s logbook on the...
 
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...
 
Fly the tension and worries easy online finance
Published by Sandra Jeux on February 20th 2012 | Loans
Most of the people are deprived of finance because of negative credit ratings but now many financers...
 
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 ...
 
Millions applying for pay-day finance in Britain
Published by David Hurley on January 21st 2012 | Loans
Millions of people take up a pay-day every year but it is in their own hands to make it beneficial o...
 
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...
 
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...
 
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...
 
Meet all small tasks with ease with short period online finance
Published by Sandra Jeux on March 1st 2012 | Finance
Now don’t bother about urgent cash you need at the time of emergency, apply online with easy short...
 
1000 POUND BAD CREDIT LOANS:- Decent finance without frantic process
Published by Thom Lee on February 23rd 2012 | Loans
1000 pound bad credit loans are out there to the individuals of UK. These loans are just like the sh...
 
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...
 
No faxing cash advance- Easy short term finance without any hassle
Published by Luis Burrese on March 15th 2012 | Loans
Popularity of internet has led to the removal of faxing method to apply for loans. No faxing cash ad...
 
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...
 
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...
 
Advisory Service feels that pay-day finance is debt units
Published by Kevin Cook on January 23rd 2012 | Loans
Pay day finance is very famous amongst the people of country and beneficial too at the time of crise...
 
Get funds to take care of unexpected expenses through internet finance
Published by Jeniffer Thomus on December 13th 2011 | Loans
Online financial aid is very beneficial for people where they can avail easy funding in a hassle fre...
 
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...
 
1000 Pound Bad Credit Payday Loans – provide simple way for get the finance
Published by Thom Lee on May 29th 2012 | Loans
1000 Pound Bad Credit Payday Loans are those that are offered to folks that have adverse credit hist...