Business Monitor International – Optimistic On The UK Economy

April 27, 2012 - PRLog -- In fact Business Monitor International have been saying for quite some time that “economic rebalancing” will see the high-end manufacturing sector strengthen further over the coming years. A structural devaluation of sterling on a trade weighted basis has improved the UK’s cost competitiveness, which will boost exports and attract more foreign investment. Furthermore, an increasingly competitive corporate tax structure, a flexible labour market and relative political stability combined with a sophisticated and supportive financial sector leaves the UK well positioned relative to the Eurozone over the longer term. The renewed focus on strategic planning and an emphasis on deregulation and re-skilling provide far more optimism than the anti-market rhetoric and blunt focus on austerity that has so far materialised elsewhere in Europe.

Although efforts thus far by the UK government to shift economic focus away from domestic consumption and towards investment and exports has failed to bear much fruit, this was always to be expected given that private sector deleveraging and rebalancing towards a new growth model is a multi-decade process. During the coming period of international economic adjustment, Business Monitor International  believes that the UK, along with the US, has the potential to be a major beneficiary of the changing global landscape. have been promoting this theme of a UK manufacturing renaissance since mid-2011.

Business Monitor International's portfolio of products provides comprehensive country risk analysis and enables global investors, emerging market strategists and decision-makers across the corporate spectrum to assess and evaluate global political and economic risks and aid strategic planning activities over the short, medium and long term.

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Business Monitor International established in 1984 with headquarters in London is recognised as a leading independent source for analysis and forecasts on Country Risk and Industry, spanning 175 countries. BMI provides research to multinational corporations, banks, funds, research centres and governments in 140 countries around the world, including more than 400 of the Fortune Global 500 companies.

For further information about this report please contact:

Manpreet Vyas
+44 (0)207 246 1421
mvyas@businessmonitor.com