RaboResearch - Economic Research

Economic Update Dutch version

Economic Update United Kingdom

The 0.6% q-o-q contraction of GDP in 10Q4 was in a word, disappointing. The harsh winter explains part of the slowdown but there are unfortunately other signs pointing to a struggling recovery. Warmer weather may lead to a temporary boost in GDP in 11Q1, but the growth outlook in the coming quarters is not much brighter.

Economic Quarterly Report Dutch version

United Kingdom: economic snowdown

The economic recovery remains sluggish. Households are facing major headwinds and the export outlook remains uncertain. Yet, the government still plans to go ahead with its consolidation measures while hoping for the best.