Menu
22/10/2001
Shoppers credited with UK economic resilience
The latest quarterly report by the Ernst & Young Item Club indicates that the UK should be able to avoid falling into recession despite the slowdown affecting other countries around the world.
The report, which uses the Treasury's model for growth, predicted growth of 2.2 per cent this year, dropping back to 2 per cent in 2002, before accelerating to 2.9 per cent in 2003.
The Item Club report credited UK consumers for the current strength of the country's economy, but warned that spending would begin to slow following the recent wave of job cuts.
However, Monday's report warned that the UK housing market, among others, would begin to weaken because of corporate cutbacks, although the economy would remain far from a collapse. (MB)
The report, which uses the Treasury's model for growth, predicted growth of 2.2 per cent this year, dropping back to 2 per cent in 2002, before accelerating to 2.9 per cent in 2003.
The Item Club report credited UK consumers for the current strength of the country's economy, but warned that spending would begin to slow following the recent wave of job cuts.
However, Monday's report warned that the UK housing market, among others, would begin to weaken because of corporate cutbacks, although the economy would remain far from a collapse. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
03 August 2001
Eurozone holds steady on interest rates
THE European Central Bank (ECB) has held steady on interest rates following speculation that the eurozone may be able to avoid a recession in the manufacturing sector. The ECB announced its decision to maintain its interest rate at 4.
Eurozone holds steady on interest rates
THE European Central Bank (ECB) has held steady on interest rates following speculation that the eurozone may be able to avoid a recession in the manufacturing sector. The ECB announced its decision to maintain its interest rate at 4.
22 August 2001
Gap in fortunes between UK service and manufacturing sectors widens
The Office for National Statistics (ONS) has released figures which show a widening gap in fortunes between the UK's buoyant services firms and its recession-hit factories. ONS said that while service industries performed better in the spring than it had previously thought, producers had recorded a worse-than-expected decline.
Gap in fortunes between UK service and manufacturing sectors widens
The Office for National Statistics (ONS) has released figures which show a widening gap in fortunes between the UK's buoyant services firms and its recession-hit factories. ONS said that while service industries performed better in the spring than it had previously thought, producers had recorded a worse-than-expected decline.
07 December 2001
Northern Ireland likely to avoid worldwide economic slump
Northern Ireland’s economy is likely to avoid the worst effects of the global economic slowdown, the First Trust Bank has said.
Northern Ireland likely to avoid worldwide economic slump
Northern Ireland’s economy is likely to avoid the worst effects of the global economic slowdown, the First Trust Bank has said.
27 July 2001
UK economic growth falls to lowest rate
Business analysts have revealed that UK economic growth has fallen to its lowest rate in more than two years. A new economic report has revealed that while the British economy has performed more robustly than its neighbours in recent months, it has been inevitable that the slowdown in the US would take its toll sooner or later.
UK economic growth falls to lowest rate
Business analysts have revealed that UK economic growth has fallen to its lowest rate in more than two years. A new economic report has revealed that while the British economy has performed more robustly than its neighbours in recent months, it has been inevitable that the slowdown in the US would take its toll sooner or later.
20 December 2001
Business success relies on effective investment
According to the Department of Trade and Industry there is a positive relationship between effective capital investment (Capex) and company performance.
Business success relies on effective investment
According to the Department of Trade and Industry there is a positive relationship between effective capital investment (Capex) and company performance.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
