Mar 17, 2011
| Last Updated
- Stagnant real disposable incomes, the deleveraging process, a subdued real estate market and uncertainty over the economic outlook will constrain consumption and capital spending.
- Monetary policy will continue to support economic rebalancing, so long as wage settlements and inflation expectations remain well anchored.
- We do not believe it is certain that the rest of the economy will continue to expand while the government tightens its belt.
Macroeconomic Dynamics: Engine of Recovery Still Running?
UK GDP grew by an estimated 1.4% in 2010, driven by government spending and[...]
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