Research Briefing | May 14, 2021

UK | The economy reveals a resilient base for recovery

Ipad Frame-May-18-2021-03-15-13-42-PM

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

Back to Resource Hub

Related Services

Shipping in Asia

Post

What do the tariff letters mean for APAC and the China+1 strategy?

A tiered-tariff system effectively blurs the distinctions between goods made in China and those rerouted via regional supply chains, weakening the advantage of China+1 manufacturing.

Find Out More

Post

A year older, none the wiser ‒ a fractious GNU stumbles on

South Africa's Government of National Unity (GNU) has struggled over the one year of its existence, largely because of the ad hoc manner in which it was assembled.

Find Out More