RaboResearch - Economic Research

Economic Update Dutch version

Economic Update United Kingdom

The preliminary GDP growth figure for 11Q1 (+0.5% q-o-q after -0.5% in 10Q4) shows that the UK economy has completely ground to a halt since last autumn.

Country Report

United Kingdom (Country report)

The UK economic recovery is struggling amid the harsh fiscal squeeze. A significant slowdown in the pace of recovery, which will possibly have adverse spill-over effects to the banking sector, is a major risk, in our view.