Economic developments - Views ( 70775 ) -article OnMyBubble.com by: EricBBigham

EricBBighams' BLOG ( 70 articles!)

Economic developments - Views ( 5816 )
Economic developments

Economic developments

Author: EricBBigham , Last Modified, 2017-10-08

Deep Down from the album EXILE by ROLLINGEXILE

5816 views 45


advertisement

Economic-developments

Economic developments since our previous forecast

As expected, real GDP growth has slowed noticeably this year. The fall in the pound that followed the EU referendum has pushed up consumer price inflation and squeezed households' real incomes and spending. But the slowdown started slightly earlier than we expected in March.

As a result, the 0.9 per cent increase in real GDP between the end of 2016 and the third quarter of 2017 was 0.2 percentage points weaker than we expected. This is a relatively small difference, but the breakdown of that GDP increase between employment and productivity growth has diverged from our forecast more significantly.

Employment increased by around 230,000 over the three quarters, more than twice as fast as expected, while average hours worked per person were broadly flat rather than falling as we had expected. As a result, total hours worked rose by 0.7 per cent rather than the 0.1 per cent we had forecast, while output per hour rose by 0.3 per cent rather than 1.1 per cent. This pattern of weaker productivity growth and stronger employment growth than we had been expecting has been a consistent feature of our forecasts for some time.

EricBBigham

Sign Up or Log in to leave comments.


Office of Budget Responsibility: Britain is bust

The Office of Budget Responsibility Chairman Robert Chote says looking at some measures, it appears as if Britain is bust, but he says future taxes will put the country on a more sustainable footing.

Deep Down from the album EXILE by ROLLINGEXILE




EricBBighams' BLOG

( 70 articles!)


EricBBigham's TOP BLOGs

More blog posts by EricBBigham

  • The 2014: Living in the Shadow of Regulation? Whitepaper | Background to the crisis
The 2014: Living in the Shadow of Regulation? Whitepaper Part 2 | Background to the crisis 249 career: 2017-05-08 »
  • The 2014: Living in the Shadow of Regulation? White Paper | The Crash
The 2014: Living in the Shadow of Regulation Whitepaper Part 4 | A Strategy For Success 275 career: 2017-05-08 »
  • The 2014: Living in the Shadow of Regulation? White Paper | The Crash
The 2014: Living in the Shadow of Regulation Whitepaper Part 5 | The Global Financial Crisis 287 career: 2017-05-08 »
  • Basic Approach | 2014: Living in the Shadow of Regulation? White Paper
The 2014: Living in the Shadow of Regulation Whitepaper Part 6 | The Global Financial Crisis 394 career: 2017-05-08 »

Product - Economic-developments

Flowers in Chania If you have enjoyed reading this article, and wish to support the writer you can make a payment from as little as £1. All contributions welcome.View Product

Economic-developments OnMyBubble.com

Sponsored Links


BLOG CATEGORIES


Deep Down from the album EXILE by ROLLINGEXILE

Blog OnMyBubble.com

Deep Down from the album EXILE by ROLLINGEXILEOnMyBubble.com

Epic 64-Player Multiplayer Battles - Squad up with your friends and join in the most epic multiplayer battles in FPS history with up to 64 players. Fight as infantry, lead horse charges or take control of amazing vehicles on land, air and sea, from tanks and biplanes to the gigantic Behemoths.

Read more »

Advertisements


Dynamic TagsOnMyBubble.com

Economic-developments OnMyBubble.com


https://onmybubble.com/blog.user.php?pid=230