The European process officially began to release the British economy mixed signa
British Prime Minister Teresa May (Theresa May) officially launched the procedure to withdraw from the EU, the British economy is ready? The signal is mixed.
2016 British economic growth is tough, so that in June last year after the referendum in Europe after the economy will quickly suffer a serious impact of the forecast failed.
There are recent signs that exporters are benefiting from the devaluation of the pound and the global economy.
But consumers who are usually the main drivers of British economic growth seem to be more cautious.
The following is an overview of the most important indicators of the UK economy and charts.
** Overall economic growth **
The UK economy grew by 1.8 per cent in 2016 and only in Germany in the G7 (G7). On the quarterly growth, the UK economy accelerated in the fourth quarter of last year, prompting the Bank of England raised its expectations for the first quarter of 2017. The Bank of England and the government's official budget estimates are expected to grow by 2.0% this year. Reuters survey analysts expect the UK economy to grow by 1.6% this year.
Most UK central bank policymakers expect economic growth to slow in 2017, but members of the meeting held a "different degree of confidence" in economic expectations at the meeting in March. At that time a member voted in favor of raising interest rates, some members said they might follow up.
Chart - UK quarterly growth: tmsnrt.rs/2eeJAlm
** Inflation is upside
British inflation has risen sharply as a result of the devaluation of the pound since the retreat of the European Union and the rise in global oil prices. Inflation rose to 2.3% in February, the Bank of England is expected in the first half of next year inflation rate will be 2.8% peaked, more than 2% of its target level. Many non-governmental analysts said the inflation rate would break through 3%.
Chart - UK inflation rate starts to rise: tmsnrt.rs/2e52HBm
** salary growth faltering **
During the years since the financial crisis, the pay growth of the British population was eaten by rising prices, and the short breath of inflation in 2015 fell to zero, and it would soon be over. Recent data show that inflation-adjusted salary growth hit the slowest pace since October 2014. The Bank of England expects salary growth in 2010 will be 3%, higher than the recent 2.2%. However, the Bank of England's forecast has always proved to be overly optimistic.
2016 British economic growth is tough, so that in June last year after the referendum in Europe after the economy will quickly suffer a serious impact of the forecast failed.
There are recent signs that exporters are benefiting from the devaluation of the pound and the global economy.
But consumers who are usually the main drivers of British economic growth seem to be more cautious.
The following is an overview of the most important indicators of the UK economy and charts.
** Overall economic growth **
The UK economy grew by 1.8 per cent in 2016 and only in Germany in the G7 (G7). On the quarterly growth, the UK economy accelerated in the fourth quarter of last year, prompting the Bank of England raised its expectations for the first quarter of 2017. The Bank of England and the government's official budget estimates are expected to grow by 2.0% this year. Reuters survey analysts expect the UK economy to grow by 1.6% this year.
Most UK central bank policymakers expect economic growth to slow in 2017, but members of the meeting held a "different degree of confidence" in economic expectations at the meeting in March. At that time a member voted in favor of raising interest rates, some members said they might follow up.
Chart - UK quarterly growth: tmsnrt.rs/2eeJAlm
** Inflation is upside
British inflation has risen sharply as a result of the devaluation of the pound since the retreat of the European Union and the rise in global oil prices. Inflation rose to 2.3% in February, the Bank of England is expected in the first half of next year inflation rate will be 2.8% peaked, more than 2% of its target level. Many non-governmental analysts said the inflation rate would break through 3%.
Chart - UK inflation rate starts to rise: tmsnrt.rs/2e52HBm
** salary growth faltering **
During the years since the financial crisis, the pay growth of the British population was eaten by rising prices, and the short breath of inflation in 2015 fell to zero, and it would soon be over. Recent data show that inflation-adjusted salary growth hit the slowest pace since October 2014. The Bank of England expects salary growth in 2010 will be 3%, higher than the recent 2.2%. However, the Bank of England's forecast has always proved to be overly optimistic.