Why wouldn’t it be?
As widely expected, wages are rising in the UK, at least partially due to labour shortages down to Brexit. Nominal wage growth was fastest in a decade, but real (adjusted for inflation) wages are still lower than a decade ago. We recently also wrote about why wages weren’t rising despite record employment and labour shortages.
Both the European Commission and the IMF recently published their forecasts on growth in Europe. Both have lowered forecasts for growth between 2018 and 2020 in Europe.
UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.6% between Quarter 2 (Apr to June) 2018 and Quarter 3 (July to Sept) 2018.
In comparison with the same quarter in the previous year, the UK economy has grown by 1.5%, continuing its relatively subdued performance over the last year.
The Federal Reserve has been unwinding or reducing its balance sheet. The Federal Reserve’s balance sheet swelled from $900 billion at the start of 2008 to a peak of $4.5 trillion in 2017.
Continue reading “UK Money Velocity has been trending downwards for years”
High fuel prices and stretched balance sheets but more people than ever are flying. Here are some insights into the current and future economic state of airlines.
Continue reading “Some insights into the current and future economic state of airlines”
A decade after the beginning of the great recession of 2008, how has the United Kingdom economy recovered?
Continue reading “The UK economy a decade on from the 2008 recession”
Seasonally adjusted GDP rose by 0.2% in the Eurozone or Euro Area and by 0.3% in the European Union (EU) during the third quarter of 2018, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2018, GDP had grown by 0.4% in the euro area and by 0.5% the European Union.
Real gross domestic product (GDP) for the United States increased at an annual rate of 3.5% in the third quarter (Q3) of 2018 according to the advance estimate released by the Bureau of Economic Analysis.
At the end of the second quarter of 2018, the government debt to GDP ratio in the Euro area (EA19) or Eurozone stood at 86.3% and in the European Union (EU28) the ratio stood at 81%.
