Vaccine raises UK growth hopes, but industrial activity to be buffeted by Brexit
Our latest UK sector forecasts show that we expect services will outpace industrial production this year, in contrast to the sector dynamics other advanced economies.
What you will learn:
- The weakness in industry primarily reflects the impact of the end of the Brexit transition period.
- The UK-EU FTA will keep trade tariff- and quota-free for qualifying goods. But the new relationship has still introduced customs and regulatory barriers that will weigh on the competitiveness of industry.
- Export-orientated and highly-regulated sectors such as autos and chemicals respectively will be among the worst hit.
If you wish to view more charts, please request a free trial here.
BoJ to look through a temporary decline in monetary base
The Bank of Japan (BoJ) left monetary policy unchanged at today's (22nd Sep) meeting, maintaining current short- and long-term interest rates, despite another wave of yen weakening and upward pressures on JGB yields.Find Out More
Global: Worried businesses see almost 50% chance of recession
Businesses continue to downgrade their expectations for the global economy, based on our latest survey of risk perceptions. On average, respondents judge there's a 47% probability of a global recession over the next 12 months.Find Out More