13 February 2017 Too Soon to Conclude the Economy is Finally Rebalancing

Samuel Tombs (UK Economist)12th Feb 2017 16:06U.K.

Data on industrial production and trade released last week have fanned hopes that the U.K.'s growth model is moving away from its excessive reliance on household spending, and towards production and exports. But a close look at the underlying drivers of the strong headline figures suggests that it is too soon to hope that the economy is undergoing a major rebalancing.

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industrial production household spending production exports pharmaceuticals gdp growth investments inflation sterling

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