Economic Growth

The Bank of England's Chief Economist predicts inflation will fall dramatically in the first three months of 2012

Spencer Dale says inflation will fall close to 3% by March

The Bank of England's Chief economist, Spencer Dale predicts that inflation will fall to the low three per cent's by March and that 2012 will be full of surprises.

Manufacturing output fell by 0.7 per cent in October, according to the ONS

Manufacturing output drop fuels UK double-dip recession fears

A sharp fall in UK manufacturing output of 0.7 per cent in October in official figures from the Office for National Statistics (ONS) makes a recession more likely.

The snow could cause economic growth figures to become skewed, according to the OBR

Snow led to GDP fall in 2011 but could it save us from recession now?

A member of the Office for Budget Responsibility has told MP's that snow could delay economic activity until 2012 and help avert a double-dip recession.

The service sector grew slightly in the UK in November

Service sector PMI rises in November

The Markit/CIPS PMI for November showed a marginal increase in economic activity for November boosting hopes that the overall UK economy could grow in the 4th quarter.

The decline in UK manufacturing output continues

Manufacturing declines sharply and leads to job losses

The latest Markit/CIPS manufacturing PMI shows a second successive fall in activity which has impacted on jobs and fuels concerns that the UK is entering recession.

The BCC has cut its forecast for UK economic growth

BCC says deficit reduction policy stalls UK economic growth

The British Chambers of Commerce has lowered its forecast for UK economic growth to 0.9% in 2011 and 0.8% in 2012 and says it expects to see more quantitative easing.

UK 3rd QTR GDP has been confirmed at 0.5 per cent

UK 3rd QTR GDP growth of 0.5% "likely to be as good as it gets"

The ONS confirms the UK economy grew by 0.5 per cent in the third quarter of 2011 but most experts believe this is likely to be as good as it gets for some time.

Lloyds promises £12 billion in loans to SMEs

Lloyds promises £12 billion in loans to SMEs

Small to medium-sized enterprises are to benefit from more funding in loans from Lloyds Banking Group next year.

Cameron: We need to deal with our debts and go for growth

Cameron says Europe is casting a chilling shadow on UK economy

Economic growth and paying back government debt is the best way out of the economic problems the UK faces, David Cameron has told the CBI conference today.

The OECD has stated that all major global economies are contracting

OECD warns that all leading economies are shrinking

The Organisation for Economic Co-operation and Development (OECD) has issued its latest index for global economies and warns that all countries are facing a slowdown.

The dominant UK services sector grew at a slower rate in October

Service sector PMI hints at future recession in UK

The Markit/CIPS PMI for the UK services sector showed growth for the 10th successive month, but growth slowed and reveals that the UK could enter a new recession.

The PMI index for the construction sector increased to a five month high in October

Construction sector posts surprising growth but outlook bleak

The Markit/CIPS PMI for the construction sector in October showed growth to a five-month high, but optimism levels for the next year have dropped sharply.

The UK economy grew by 0.5% in the 3rd quarter of 2011, according to the ONS

UK economy grows by 0.5% but optimism muted on euro concerns

The Office for National Statistics (ONS) has released its first estimate of UK 3rd quarter economic growth which shows the economy grew by 0.5 per cent.

The ONS will reveal its first estimate for 3rd quarter GDP later today

UK GDP Preview: Growth expected as ONS release qtr 3 figures

The Office for National Statistics (ONS) will release the first estimate of economic GDP growth for the third quarter later today.

The OECD has warned that many countries in the eurozone could enter recession in 2012

OECD warns many EU countries face recession in 2012

The Organisation for Economic Co-operation and Development (OECD) has warned that many countries in the EU could see negative economic growth next year.

Manufacturing bosses are concerned about the future, says the CBI

Manufacturers optimism drops to lowest level since April 2009

The Confederation of British Industry (CBI) has released its latest industrial trends survey and it shows a drop in orders and pessimistic expectations for the future.

The message from Threadneedle St is that the UK economy will remain flat for the rest of 2011

Bank of England: Growth for rest of 2011 will be 'close to zero'

The minutes from the Bank of England's Monetary Policy Committee (MPC) reveal that the expectation is that UK economic growth will be 'close to zero' for the rest of 2011.

Ernst & Young's Item Club has cut its forecast for UK economic growth

Ernst & Young's Item Club cut UK 2011 growth forecast to 0.9%

Ernst & Young's Item Club release their latest report on the UK economy tomorrow and say that the recovery is stalling and that the euro debt crisis poses the biggest risk to the UK.

NIESR has issued ist first estimate of GDP growth for September

NIESR says recovery is "slowest of any since First World War'

The National Institute for Economic & Social Research (NIESR) has issued its first estimate for GDP growth in September against a background of grim new economic data.

The IMF has said that cuts should not be at the expense of growth

IMF says UK should borrow to boost economic growth

In a statement that challenges the policy of the UK government, the IMF has called on strong European economies to halt spending cuts if they are hindering growth.

Service sector growth is welcomed by analysts

Service sector growth bodes well for economic recovery

Surprise growth in the services sector could delay the Bank of England's quantitative easing plans.

The UK construction sector posted growth in the 2nd quarter

ONS lowers 2nd quarter GDP growth to 0.1%

The Office for National Statistics (ONS) has issued its final revision of GDP growth between April and June this year and it has been revised down to just 0.1%.

Christine Lagarde, head of the IMF, who have revised down UK economic growth forecast for 2011 and 2012

IMF predicts weak and bumpy global recovery ahead

The International Monetary Fund (IMF) has cut its growth forecast for the UK economy in 2012 to 1.6 per cent, warning that advanced economies face anemic growth levels.

Economic growth in the eurozone has stalled, new figures have shown

EU growth outlook has "deteriorated" – European Commission

Latest figures from the European Commission have caused growth predictions to be revised downwards across much of the eurozone.

Chancellor George Osborne has admitted the economy is not performing well

NIESR: Economic growth slowed from June to August, report shows

Output grew by 0.2 per cent in the three months to the end of August, down from 0.6 per cent in the quarter ending in July.

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