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27/07/2001
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.
Gross domestic product (GDP) grew by just over 2.1 per cent year-on-year in the second quarter of 2001, according to preliminary figures - sharply down from the 2.7 per cent annual rate reported in the first quarter.
During the second quarter alone, GDP grew by 0.3 per cent, the slowest quarterly rate since October 1998.
The news is likely to add further fuel to the campaign for a cut in interest rates. However, the Bank of England's Monetary Policy Committee (MPC) has left base rates unchanged, at 5.25%, since May. The MPC is due to meet again on 1 and 2 August. (MB)
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.
Gross domestic product (GDP) grew by just over 2.1 per cent year-on-year in the second quarter of 2001, according to preliminary figures - sharply down from the 2.7 per cent annual rate reported in the first quarter.
During the second quarter alone, GDP grew by 0.3 per cent, the slowest quarterly rate since October 1998.
The news is likely to add further fuel to the campaign for a cut in interest rates. However, the Bank of England's Monetary Policy Committee (MPC) has left base rates unchanged, at 5.25%, since May. The MPC is due to meet again on 1 and 2 August. (MB)
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02 October 2001
US rate cut expected to battle economic recession
The US Federal Reserve was widely expected to cut interest rates for the ninth time this year in a bid to help stave off a recession and fight the effects of the terrorist attacks on the US. With the US economy edging closer to recession many analysts were anticipating a 0.25 per cent rate cut, but a 0.5 per cent cut was not being ruled out.
US rate cut expected to battle economic recession
The US Federal Reserve was widely expected to cut interest rates for the ninth time this year in a bid to help stave off a recession and fight the effects of the terrorist attacks on the US. With the US economy edging closer to recession many analysts were anticipating a 0.25 per cent rate cut, but a 0.5 per cent cut was not being ruled out.
25 January 2002
UK economy shows tenacity in GDP report
UK growth slowed down during the fourth quarter of 2001 in comparison to the previous three-month period – but the economy as a whole has expanded by 2.4 per cent. According to the latest figures from the Office for National Statistics (ONS) gross domestic product (GDP) rose by 0.
UK economy shows tenacity in GDP report
UK growth slowed down during the fourth quarter of 2001 in comparison to the previous three-month period – but the economy as a whole has expanded by 2.4 per cent. According to the latest figures from the Office for National Statistics (ONS) gross domestic product (GDP) rose by 0.
18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
14 August 2001
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
17 April 2002
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
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Northern Ireland WeatherToday:A fine dry days weather with sunshine quite widespread, particularly from mid-morning. Temperatures best across southern districts. North to northwesy breezes occasionally freshening around the coasts. Maximum temperature 15 °C.Tonight:Most dry with good clear spells bringing a rural frost in the south for some. Cloudier around northern coasts where the odd light shower may develop. Northerly breezes persisting. Minimum temperature 0 °C.
