- The U.K. economy was hit harder by the pandemic and has struggled to catch up to the Eurozone since.
- Britain's faster rollout of vaccines led many to assume that it would close the gap with the Eurozone in Q3...
- ...But near-real-time indicators imply Q3 GDP growth actually was stronger in the Eurozone than the U.K.
samuel tombs (UK Economist)U.K.
The U.K. economy was the G7's straggler for a fifth consecutive quarter, despite the rebound in Q2.
GDP will barely rise in July; June's surges in output in the health and advertising sector will reverse...
...while data from OpenTable and the BRC point to a step down in consumers' spending last month.
samuel tombs (UK Economist)U.K.
By the autumn, vaccination rates no longer will be higher in the U.K. than other advanced economies.
The chances of U.S. and U.K. rates rising in lockstep are remote; the U.S. recovery is far more advanced.
U.K. political risks are low now, but next year investors will start to weigh the risks from the 2024 election.
samuel tombs (UK Economist)U.K.
With timely indicators suggesting that travel within the U.K. rather than abroad will prove popular over the summer, the domestic tourism sector looks set to receive a much-needed windfall.
samuel tombs (UK Economist)U.K.
The U.K. economy almost certainly was the worst performer in the G7 for a fourth consecutive quarter in Q1.
samuel tombs (UK Economist)U.K.
We expect February's GDP report, released on Tuesday, to show that output increased by about 0.8% month-to-month, reversing just under a third of January's 2.9% decline.
samuel tombs (UK Economist)U.K.
The latest national accounts show that the U.K. economy remained the hardest hit in the G7 by Covid-19 in Q4.
samuel tombs (UK Economist)U.K.
