Economic Review August 2021

Strong second quarter growth The latest gross domestic product (GDP) figures showed that the UK economy grew strongly in the second quarter, although more recent survey evidence does suggest the recovery is losing momentum. Data published by the Office for National Statistics (ONS) revealed the economy grew by 4.8% in the second quarter of this … Continue reading “Economic Review August 2021”

Economic Review May 2021

BoE upgrades growth forecast The Bank of England (BoE) has significantly increased its 2021 growth forecast, as survey evidence continues to highlight a strong economic rebound, fuelled by the easing of lockdown restrictions and rapid vaccine rollout. In early May, the BoE revealed its latest predictions for the UK economy, which included a growth forecast … Continue reading “Economic Review May 2021”

Economic Review September 2020

Lockdown recovery fears Although the latest gross domestic product (GDP) statistics confirm the UK economy staged a recovery over the summer months, there are growing fears that tighter coronavirus restrictions will inevitably hit future growth prospects. Official data released by the Office for National Statistics (ONS) showed the UK economy grew by 6.6% in July. … Continue reading “Economic Review September 2020”