U.K. Economy Is Gearing Up for Comeback, Capital Economics Says – Bloomberg 07-07-13

Salient to Investors:

Capital Economics says Britain could grow at a 4 percent annual rate in the second half of the decade as the recession has done little permanent damage and the economy’s supply potential recovers. Manufacturing, energy and construction will lead. Just last month, Capital projected 2013 UK growth of 0.2 percent, the lowest of 47 estimates.

Capital sees the economy growing 0.8 percent in 2013 and 1.5 percent in 2014.

Peter Hemington at BDO cautions about the zig-zag trend that has characterized UK business confidence since 2008, and concern that financial market turmoil arising from the actions of the Fed will choke off yet another nascent U.K. recovery.

Read the full article at  http://www.bloomberg.com/news/2013-07-07/u-k-economy-is-gearing-up-for-comeback-capital-economics-says.html

Click here to receive free and immediate email alerts of the latest forecasts.