You are here: Home - News -

UK GDP growth tipped to hit four-year high in Q1

  • 29/04/2014
  • 0
UK GDP growth tipped to hit four-year high in Q1
Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.

The figure would also mark the fifth successive quarter of growth – the longest period since before the financial crisis.

Figures for the fourth quarter of 2013 showed an increase of 0.7%, while the Bank of England has said it expects growth to hit 1% this quarter. 

Earlier this month, the International Monetary fund said it expects the UK to be the G8’s best performing economy in 2014, wih overall growth of 2.9%.

A positive number today will lead to further calls for a rise in interest rates later this year, which currently stand at a historic low of 0.5%. 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Lenders to face stress testing over future housing market crash

Banks and building societies are set to face new stress testing over the impact of a future house price crash...