{"id":6398,"date":"2017-07-10T09:35:01","date_gmt":"2017-07-10T08:35:01","guid":{"rendered":"https:\/\/lazardfreresgestion-tribune.fr\/?p=6398\/"},"modified":"2019-04-19T09:08:52","modified_gmt":"2019-04-19T08:08:52","slug":"united-kingdom-is-growth-shifting-down-a-gear-in-the-long-term","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/united-kingdom-is-growth-shifting-down-a-gear-in-the-long-term\/","title":{"rendered":"United Kingdom: Is growth shifting down a gear in the long-term?"},"content":{"rendered":"

CHART OF THE WEEK<\/b><\/p>\n

Every month the National Institute of Economic and Social Research (NIESR), an independent UK think tank founded in 1938, publishes quarterly growth forecasts for the nation. These forecasts are generally considered as being reliable. The NIESR\u2019s June release for second-quarter GDP growth is 0.3%, or approximately 1.2% on an annualised basis<\/b> and slightly ahead<\/b> of the first quarter. However, compared with the 2.1% rate seen over the previous five years, the latest data signals a sharp slowdown.<\/p>\n

\"\"<\/p>\n

OUR ANALYSIS<\/b><\/p>\n

Slower consumption can be explained by the rise in inflation<\/b>, which itself is linked to a weaker <\/b>currency<\/b>. With wages flat-lining, real disposable household income has come under pressure and retail sales have stalled since the start of the year. A more stable pound should ease the pressure on spending, but Brexit-related uncertainties and the likelihood of restricted access to the Single European Market could weigh on investment.<\/p>\n

 <\/p>\n

The opinion expressed above is dated 10 July 2017, and liable to change.<\/em><\/p>\n

This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

CHART OF THE WEEK Every month the National Institute of Economic and Social Research (NIESR), an independent UK think tank… <\/p>\n","protected":false},"author":101016,"featured_media":6386,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[],"class_list":["post-6398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-week"],"yoast_head":"\nUnited Kingdom: Is growth shifting down a gear in the long-term? – Tribune Lazard Fr\u00e8res Gestion<\/title>\n<meta name=\"description\" content=\"United Kingdom: Is growth shifting down a gear in the long-term? 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