UK | The economy reveals a resilient base for recovery
While the economy shrunk in Q1, the fall was smaller than feared. And the quarter ended with evidence of activity building momentum even before a meaningful relaxation of Covid restrictions began.
The latest high-frequency measures reaffirmed the message of such indicators since mid-April that GDP is on course for a strong rebound in Q2, aided by the final stages of the roadmap for reopening the economy staying on track.
What you will learn in this comprehensive 4 page report:
- A rise in GDP in March narrowed the shortfall with the pre-pandemic level of output to just under 6ppts
- Spending on credit and debit cards in early May was 6% above pre-pandemic levels
- Some indicators suggest pent-up consumer demand may be stabilising
Tags:
Related Services
Post
Eurozone: Little sign of harm from the Red Sea disruptions
The impact of Red Sea shipping disruption on the eurozone economy continues to be limited, in line with our baseline view. Our new Eurozone Supply Stress Indicator suggests that supply pressures have returned to normal following a period of easing in 2023.
Find Out MorePost
GCC: Key themes shaping city economies in the near term
For Gulf cities, the near-term outlook will be tied not only to the global macroeconomic backdrop, but also the progress of the diverse visions and strategies in the region. With the aim to diversify their economies and reduce the dependence on oil, Gulf states continue to invest in the non-oil economy and implement various reforms. That said, oil revenues remain key to funding diversification efforts.
Find Out More