Britain’s economy grew by 0.7% in the third quarter, the decline of the two

The British economy in the two quarter growth of 0.7% decline concerns fading U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes FX168 warrant hearing Friday, British Bureau of Statistics announced in the two quarter GDP growth rate of 0.7%, higher than the forecast of 0.6%. This shows that at least before the referendum, the British economy has not slowed down. British Bureau of statistics also said that after the withdrawal of the referendum in Europe, there is no obvious signs that the British economy was severely hit. Among them, the performance of the UK service sector is better than expected. Prior to the United Kingdom may be due to withdraw from the referendum in Europe into recession fears will further dissipate, while the Bank of England in November to consider the pressure to cut interest rates again eased. British Bureau of statistics GDP director Darren Morgan said: "overall, the new data support the British economy is not immediate impact point of view, of course, ultimately affect the retreat European referendum also need time to verify." The latest official figures show that the UK economy in the two quarter performance is more optimistic than previous estimates. Business investment is higher than expected, there was no obvious negative effect before the referendum tensions, while consumer demand continues to drive economic growth, data show that since the British resident storage rate reached the lowest point in 2008. Two quarter trade deficit has become a huge drag on the British economy. But after the withdrawal of the referendum, the continued depreciation of the pound to promote exports. British Bureau of Statistics said the UK service exports rose 11.6% year on year, apparently this will push up the economy. Analysts also expect commodity exports to be similarly encouraged to cushion the slowdown. July UK service industry output growth of 0.4%, in view of the service sector PMI fell in July, this data is far better than expected. Pantheon Macroeconomics, chief economist at Samuel, UK, said: "in July, the jump in the service industry output clearly shows that the referendum on the European Union did not put the British economy into recession." He also said, but I think the British economy is expected to slow down the surviving, the current concern is whether the Bank of England’s monetary policy committee will continue to cut interest rates in November." The Bank of England in the early August, the benchmark interest rate to 0.25% of the lowest ever, although the central bank did not confirm the British economy have hit back in Europe after the referendum, but in the last monetary policy meeting also expressed may cut interest rates again in this year’s intention. Proofreading: Xiao Fei editor: Li Wu SF053相关的主题文章: