Lookin' bullish, eh m8?
Lookin like a chart for ants
Also lol @ one of the two Independent's source being the Independent
From your article:
Many City of London economists are also expecting a return to recession, or two quarters of negative GDP growth.
The Bank of England is widely expected to cut interest rates from 0.5 per cent to 0.25 per cent on Thursday to support the economy.
Despite the overall weakness of the latest manufacturing survey, Markit/CIPS said the level of incoming new export orders rose for the second successive month in July aided by the recent depreciation of the sterling exchange rate. The pound has fallen around 10 per cent on a trade-weighted basis since the referendum vote.
Be careful whenever you see someone saying "many economists, widely expected" e.t.c, cos it means they didn't get their own source for it lol
Anyways in the above quote, mo exports, and manufacturing has been in constant decline for quite some time cos China steel stronk and the UK is an advanced economy. Anyways
China is pissed cos the EU is doing "unjustifiable protectionism", the Chinese should know by now that to get access to muh market, they have to become subject to Brussels 1st
Before the Independent got buzzfeeded, they would have Nigel in their columns next to Clegg
Now this is where they've fallen to, trying to cast eternal doom b8
I'm so proud of where they've come
Anyways fam the economy is growing faster than expected, note we're not just talking a single sector of Britconomy like the Indie:
The UK’s economy advanced 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent expansion in the previous period and better than market expectations of 0.4 percent. Industrial production rebounded and posted the biggest gain since 1999, boosted by mining, quarrying and manufacturing while services growth slowed and construction shrank for the second quarter, preliminary estimates showed.
Industrial production jumped 2.1 percent, rebounding from a 0.2 percent drop in the previous period and contributing 0.3 percentage points to growth: manufacturing surged 1.8 percent (-0.2 percent in the previous period); energy supply went up 4.7 percent (0.7 percent in the previous period); water and waste management rose 2.6 percent (2.4 percent in the previous period) and mining and quarrying increased 1.4 percent (-2.2 percent in the previous period).
Growth in the services industries slowed to 0.5 percent from 0.6 percent in the previous quarter, contributing 0.37 percentage points to growth. Growth in the business services and finance industries eased to 0.5 percent from 0.7 percent and was the main reason behind the reduction in services growth between the 2 quarters.
Construction output fell 0.4 percent, following a 0.3 percent decline in the previous period.
On a yearly basis, the economy advanced 2.2 percent, better than market expectations of 2 percent and the best performance in a year.
http://www.tradingeconomics.com/united-kingdom/gdp-growth
Meanwhile in yurop
Eurozone GDP growth halves as French economy stalls
Can you believe yuropoors don't even have sovereignty I MEAN COME ON IT'S 2016
Anyways Covenant would be able to better explain to you why our manufacturing has been a shit for some time, but at any rate have this old beeb article from the run up to brexit bonanza referendum:
http://www.bbc.co.uk/news/business-36149185
Poor productivity, weak exports and falling industrial production and construction figures are more than a short term reaction to the vote on 23rd June.
They reveal significant challenges rebalancing the UK economy away from services and household consumption towards manufacturing, as well as the UK's exposure to global economic headwinds such as slower growth in China.
The Office for National Statistics said it had no evidence for or against the slowdown being linked to the EU referendum on 23 June.
We got a longer problem with manufacturing. Do we try to keep competing on the world market for FREEDOM and MAXIMUM FREE TRADE (which has worked out very well for our economy - just not for manufacturing, where it has basically ripped it apart) or do we subsidize manufacturing in the UK with taxpayer shekels in order to keep unprofitable companies afloat.
Also lol
The Bank of England warned earlier this month that uncertainty due to the vote could hurt growth in the first half of this year, and the International Monetary Fund (IMF) has downgraded its forecast for the UK economy over fears of disruption if Britain votes to leave the EU.
Chancellor George Osborne told the BBC the fact that Britain was still growing was "good news", but added "there are warnings today that the threat of leaving the EU is weighing on our economy".
"Investments and building are being delayed, and another group of international experts, the OECD, confirms British families would be worse off if we leave the EU".
But economists suggested fears over the impact of Britain's exit from the EU was only partly to blame for the slowdown.
Pantheon Macroeconomics chief UK economist Saumuel Tombs said the UK's economy had been steadily losing pace since 2014, and the boost to the economy from higher household spending and rapid employment growth "had run its course".
"Concerns about Brexit likely played a role in the first quarter slowdown and they probably will take a greater toll on GDP growth in the second quarter. But the downward trend in GDP growth since 2014 suggests that the EU referendum cannot be blamed for all of the economy's ills," he added.
But Capital Economics UK economist Ruth Miller said she expected the slowdown to be temporary.
"Many of the factors likely to be to blame for the first quarter's weakness should prove short-lived. We would not be surprised if growth were to subsequently accelerate in the second half of the year, putting the economy back on track," she added.
Note, the BBC actually names their sources so you can verify what they say
Good job beebles
Tl;dr,
growing better than Germoney and France, but there is zero room for complacency, luckily May is competent af
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