Follow on Google News News By Tag * Investment Research * Business Research * Economic Research * Valuation Services * Irc 409a * Ppa * More Tags... Industry News News By Place Country(s) Industry News
Follow on Google News | Uk Economy To Remain "fundamentally Strong" This YearLondon, Monday, January 21, 2008 -- ARANCA NEWSTRACK – (aranca)
By: Aranca According to Ernst & Young's ITEM Club, which uses the same economic model as the treasury, the economy will grow by 1.8 per cent this year. This is down 1.3 per cent from the rate of 3.1 per cent recorded during 2007. However, the economy will remain "fundamentally strong" and the outlook will more likely be one of "economic rebalancing rather than recession", the report said. Peter Spencer, chief economic advisor to the ITEM Club, said: "The economy is in good health and employment levels are at their highest ever. "As the Bank of England's interest rate cuts begin to take effect, the economy should pick up... touching wood, 2008 should not be such a bad year after all." The ITEM Club also predicts that the Bank of England will cut interest rates three times this year, by a quarter of a percentage point on each occasion, and that by 2009 the economy will have recovered sufficiently to post growth of 2.9 per cent. # # # About Aranca Aranca is an end-to-end provider of on-demand, investment, business and economic research, and valuation services to global clients. Our unique blend of market knowledge,flexible servicing models, quality assurance standards and offshore operations reward our clients with high quality, scalable, cost-effective research and valuation services. With client facing offices in San Francisco, New York, London, Brussels and Mumbai. syndicate@aranca.com Website: www.aranca.com End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|