Grant Thornton’s latest Economic Briefing is out now and once again is being highly rated by recipients wanting access to such insights and intelligence, enabling them to stay informed with key economic issues
The purpose of Grant Thornton’s Quarterly Economic Briefing is to provide a focused quarterly assessment of a small number of key national and international economic trends to help inform future investment decisions and identify new opportunities. While the analysis primary focus is currently on a limited number of economic indicators, the ambition is that this document will evolve quarter on quarter.
The latest edition of their economic briefing highlights nine key economic indicators as detailed below:
- Interest rates
- Exchange rates
- GDP growth
- GDP forecasts
- Industry views
- Regional outlook
- Trade Balance
For each indicator Grant Thornton provide a short overview of the current trend along with a brief analysis of what it means for businesses and headlines within the current report are:
- Interest Rates – The Bank of England voted to maintain the bank rate at 25% and continue the programme of Quantitative Easing.
- Exchange Rates – The continued and prolonged uncertainty around the implications of leaving the European Union mean that a weaker pound is likely to remain for the near
- Inflation – The Consumer Prices Index 12-month rate was 6% in April 2017, up from 2.3% in March. This is the highest it has been since June 2013.
- Unemployment – The unemployment rate from January to March 2017 was 4.6%, down from 5.1% for a year earlier. The unemployment rate has not been lower since
- Gross Domestic Product – GDP was estimated to have increased by 2% from January to March, the slowest rate of growth since Q1 2016.
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To receive further updates on the Quarterly Economic Briefing please email Louise Medina Louise.Medina@uk.gt.com