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Markets braced for fourth-quarter UK GDP growth figures - live

Discussion in 'Market News' started by Lily, Jan 28, 2016.

  1. Lily

    Lily Forum Member

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    Rolling coverage of new gross domestic product figures which will show how the British economy fared in the final quarter of 2015

    7.52am GMT

    SSE, one of Britain’s big six energy companies, will cut its domestic gas prices by an average of 5.3% – but not until after Easter. The company said:

    This latest reduction will save a typical household gas customer on our standard tariff £32 a year compared with existing prices.”

    7.50am GMT

    Some economists fear that UK growth slowed to just 0.3% in the last quarter, due to economic problems overseas and political uncertainty back home.

    Others predict a healthy pick-up in GDP.

    Economists forecast that the figures will show growth of 0.5% in the final three months of 2015, slightly faster than growth of 0.4% in the previous quarter, according to the consensus in a Reuters poll.

    But with worries about China’s downturn and the wider global economy clouding the outlook, there is significant uncertainty over the UK’s performance. Individual economists’ forecasts range from 0.3% to 0.6%. Weak retail sales figures for the key Christmas season

    Related: UK GDP figures to be released amid global economic jitters

    7.50am GMT

    Britain’s place in the world....

    The global economy (nominal GDP) US: 23.32% China: 13.9% Japan: 6.18% Germany: 5.17% UK: 3.94% @wef #Davos pic.twitter.com/26PlJzZPm8

    6.38am GMT

    Good morning.

    We’re about to find out how well, or badly, Britain’s economy fared in the last three months of 2015.

    Related: Federal Reserve is 'closely monitoring' global economy as it leaves rates on hold - as it happened

    UK Q4 #GDP coming at 09:30 @business forecast 0.5% v 0.4%, but services taking far too much of the load.

    Continue reading...
     

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