GDP is always a very lagging indicator.
Pattern from forward-looking surveys is not as strong for outlook as latest GDP.Official data showing negative productivity growth in the UK last year is a puzzle, as it is usually associated with severe recession.Still a very severe health warning on quality of official labour force survey data. This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( More from BoE's Bailey: Business surveys are probably better guide to UK outlook )
Also on site :
- Walmart Is Selling a 'Beautiful' $96 9-Drawer Dresser for Just $49, and It Holds a ‘Shocking’ Amount of Clothes
- Trump announces new round of US-China trade talks
- Tottenham sack Postecoglou despite Europa League win