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United Kingdom: City Comment: Weathering the storm(s)
Posted by Bernadette in Accounting and Finance, HR, IT, Law, Marketing and Communications, UK, UK Inspiration, UK News, UK Research
Just like the weather – it never rains but it pours when the economy is crying out for positive news.
GDP for Q4 has been revised down from -0.3% to -0.4% and although the Q1 figure remains at -0.3% evidence that government spending helped boost the figure suggests a weaker underlying picture and forecasts for the full year are now trending downwards, perhaps as low as near zero growth since Q2 output will also be affected by the extra Jubilee holiday, despite likely positive spin-offs on consumer confidence and spending.
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