UK economic condition forecast 2013

World Economic outlook - UK economic condition forecast 2013 : The UK economy could suffer a "groundhog year" in 2013, a left-of-centre thinktank has warned, with little or no growth amounting to a rerun of last year's economic performance, when GDP is thought to have fallen 0.1%.

Other economists have predicted Britain will tumble into an unprecedented triple-dip recession and has a strong chance of being stripped of its prized AAA credit rating.

CBI latest UK GDP growth forecast 2012-2013

World Economic outlook - CBI latest UK GDP growth forecast 2012-2013 : Business leaders are predicting that growth will return to the UK economy towards the end of the year, and pick up a little pace during 2013.

The CBI’s latest quarterly economic forecast puts GDP growth in 2012 to be -0.3%, below its previous forecast in May of +0.6%. This reflects a more negative first half-year and a more modest rate of growth in the second half than was expected in May.

UK house prices august 2012

World Economic outlook - UK house prices august 2012 : UK house prices made a surprise leap in August, with average prices rising 1.3 per cent, the biggest monthly increase since January 2010.

The increase reverses the decline recorded in July when prices fell 0.8 per cent, according to the Nationwide House Price Index.

U.K. manufacturing sector july 2012

World Economic outlook - U.K. manufacturing sector july 2012 : U.K. manufacturing shrank the most in more than three years in July as export orders slumped, indicating the economy’s recession continued to deepen at the start of the third quarter.

UK CPI rate outlook june 2012

World Economic outlook - UK CPI rate outlook june 2012 : The consumer price index, to be released Tuesday July 17 at 8:30 GMT, has been lowering its year to year rate every month from the September figure released October 28th at 5.2% to the May number of 2.8% YoY published June 19. Despite that, market expectation for June is the CPI to remain at the current 2.8% but RBS thinks different.

imf forecast for UK economic growth 2012-2013

World Economic outlook imf forecast for UK economic growth 2012-2013 : The International Monetary Fund has downgraded its forecast for UK growth this year by more than any other developed nation and warned that the world economy is weakening.

The Washington-based organisation predicted on Monday that growth in the UK will all but evaporate in 2012 with a rise in GDP of just 0.2%, compared with a previous forecast of 0.8%.

Britain economic outlook first quarter 2012

World Economic outlook : Britain economic outlook first quarter 2012 : Britain’s economy may have shrunk more than previously estimated in the first quarter after the statistics office reported a deeper slump in construction.

Building output plunged 4.8 percent in the three months through March, the Office for National Statistics said today. That compares with a 3 percent drop in the first estimate of gross domestic product on April 25, which showed the economy contracted 0.2 percent. The revision on its own would shave 0.1 percentage points off GDP, the statistics office said.

Why UK economy will double-dip recession 2012

World Economic outlook Why UK economy will double-dip recession 2012,uk gdp growth forecast q1 2012 , uk inflation rate forecast q1 2012 : Britain has plunged into the first double-dip recession since 1975 and is enduring its longest economic slump for a century, shock figures confirmed yesterday.

But the Prime Minister insisted it would be ‘absolute folly’ to heed Labour calls to change course and borrow more money to try to get out of a debt crisis.

ITEM forecast UK Economic growth 2012

World Economic outlook - ITEM forecast UK Economic growth 2012 : The UK economy will grow at just half the pace of officuial estimates this year because companies are hoarding cash, a leading forecaster claimed today.

Economic growth for 2012 will come in at a 'dismal' 0.4 per cent, according to the Ernst & Young ITEM club - half the 0.8 per cent predicted by the Office for Budget Responsibility.

UK manufacturing january - february 2012

World Economic outlook - UK manufacturing january - february 2012 : UK manufacturing output reduced by one per cent between January and February, according to the Office for National Statistics.

Today’s release of the Index of Production also showed manufacturing is 2.3% down compared to February 2011.

Since February last year eight manufacturing sub sectors have fallen, with four rising and one unchanged.

The weakest sectors have been rubber & plastics, which fell by 8.9%, while food, drink & tobacco fell by 2.4%.

Between January and February transport equipment and rubber and plastics were the biggest fallers.

Markets had been expecting a 0.1% month-on-month increase so the news has added to the gloom on equity markets, with the FTSE 100 down 0.56%.

OECD forecast Britain is back in recession

World Economic outlook - OECD forecast Britain is back in recession : Britain is back in recession, according to the latest unwelcome forecast from the Organisation for Economic Co-operation and Development.

The UK economy shrank at an annual rate of 1.2 per cent in the final three months of 2011 and will contract by 0.4 per cent in the first quarter of this year, it said. Two successive quarters of economic contraction is the technical definition of a recession.

UK Economic and fiscal outlook 2012-2013

World Economic outlook - OBR UK Economic and fiscal outlook 2012-2013 ; The Office for Budget Responsibility published its Economic and fiscal outlook on Wednesday 21 March.

Neutral Budget leaves Government on course to hit fiscal targets

The ‘takeaways’ and ‘giveaways’ in the March 2012 Budget broadly balance out over the five years of our latest forecast, leaving the Government on course to meet its two fiscal targets with much the same margin for error as in November.

UK construction industry growth february 2012

World Economic outlook - UK construction industry growth february 2012 : Construction PMI survey shows sector growing at fastest pace in 12 months, boosting hopes the economy has returned to growth after a 0.2% contraction at the end of last year.

UK interest, inflation rate predictions 2012

World Economic outlook - UK interest, inflation rate predictions 2012 : Interest rate forecast to stay at record low until May 2012, as Bank of England holds again The Bank of England held interest rates at their record low for a 27th month, as the City bet a rate rise will not arrive until well into 2012.

Despite rising prices – inflation is more than double the 2pc target at 4.5pc – the Bank's Monetary Policy (MPC) has so far refused to raise rates from their 0.5pc low to curb the pace of price rises.

UK. cpi inflation rate january 2012

World Economic outlook - UK. cpi inflation rate january 2012 : Consumer Prices Index (CPI) inflation in the UK fell to 4.2% in December, down from 4.8% in November, according to the Office for National Statistics (ONS).

Retail Prices Index (RPI) inflation - including mortgage interest payments - fell to 4.8% from 5.2%. It backs Bank of England predictions that inflation will be 2% by late 2012.

UK youth unemployment rate forecast 2012

World Economic outlook - UK youth unemployment rate forecast 2012 : Youth unemployment in the UK has reached "emergency point" and could cost as much as £28bn by 2022, an inquiry led by Labour MP David Miliband has warned.

A report by the Commission on Youth Unemployment, published on Monday, says youth unemployment is the biggest challenge facing Britain and a "time bomb" for the public finances.

MPC UK economic, inflation rate forecast 2012

World Economic outlook - MPC UK economic, inflation rate forecast 2012 : The Bank of England’s Monetary Policy Committee (MPC) released the minutes from their January rate-setting meeting which reveal that the MPC sees inflation falling to the target of two per cent by the end of 2012 and that it is likely to introduce a further round of quantitative easing next month.

uk. economic official data showed january 25 2012

World Economic outlook - uk. economic official data showed january 25 2012 : Britain's economy shrank by 0.2 percent in the last three months of 2011, official data showed Wednesday, a worse than expected result that raises fears of a recession and could see the Bank of England push for more monetary stimulus.

The Office for National Statistics said that the economy, which had been expected to contract by only 0.1 percent, saw no growth in the key services sector and a slide in industrial activity.

U.K. unemployment rose to the highest rate in 16 years

World Economic outlook U.K. unemployment rose to the highest rate in 16 years in the quarter through November, deepening concerns Britain is heading for another recession as turmoil in the euro area damps the global economic outlook.

CIPD predictions UK Unemployment will rise 2012

World Economic outlook - CIPD predictions UK Unemployment will rise 2012 : Unemployment will rise further in 2012, peaking at 2.85m in 2013 from 2.64m currently, says the Chartered Institute of Personnel and Development.

New figures from the Chartered Institute of Personnel and Development (CIPD) have warned that the number of people out of work in the UK is set to rise again in 2012.