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Global Macro-Market Outlook

United Kingdom Outlook: Olympian Challenges

By Parul Walia
Mar 17, 2011 12:13:00 PM | Last Updated
Global Economics Outlook, GDP and CPI data for United Kingdom

  • 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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