The services sector continues to outpace manufacturing,still suffering from export volatility, as people rush to borrow moreEvery time the latest GDP figures appear, and the Treasury would absorb us use the occasion to look at the sunny image of the economy in the round.
The third quarter data indeed confirms that the economy is on track to grow by 2.4% this year and many City economists absorb pencilled in 2.5% next year. Even the Office for Budget Responsibility (OBR),reckoned a cautious forecaster, has picked 2.4% as the most-likely growth rate. Related: Weakening UK trade puts the brakes on GDP growth Related: UK manufacturers horror bleak outlook as export orders tumble Continue reading...
Source: theguardian.com