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Tag: double dip

Prepare for a double dip in construction growth – the implication of today’s GDP figures

Prepare for a double dip in construction growth – the implication of today’s GDP figures

The UK is coming out faster from recession than we thought. But the hole was deeper. That seems to be the message from the statisticians’ latest stab at the nation’s output. The increase in fourth quarter GPD was revised upward from 0.1% to 0.3%, which will cheer many not least the Chancellor. But it seems that new data seeping into the spreadsheets of statisticians at the ONS point to the hole we were in having been bigger, with earlier growth…

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Was it just the cold or is it a relapse?

Was it just the cold or is it a relapse?

There are plenty of people, “experts” indeed, who fully expect a double-dip recession for both the economy and, for that matter, house prices. For them the data emerging for January’s performance appears to be, albeit gently, vindicating their position. They will no doubt seize with alacrity the retail figures from the British Retail Consortium showing the worst January sales data for 15 years. Those who take a different perspective will write the slump in sales off to the coldest January…

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Mum: Are we out of recession yet?

Mum: Are we out of recession yet?

You could feel the uneasiness among economists yesterday when the release of official statistics showed that the UK had just scraped enough oomph together in the final quarter of last year to stage a lacklustre return to growth. Most economists had expected the no-growth bar to be cleared by some margin. Instead the preliminary estimate figure posted at 0.1% growth leaves open the possibility that further revisions could show the UK still in recession. Unlikely, but not an outlandish possibility. Even…

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Housing recovery is resting on happier family homes market

Housing recovery is resting on happier family homes market

The latest swathe of housing data continues to suggest a pick up both in prices and activity and the RICS November house price survey, released today, adds further weight to the case for a housing recovery. Its measures for sales, expected sales, new inquiries, new instructions, prices and expected prices are all in soundly positive territory, although the rate of improvement appears to have slackened. This survey follows the release of a stack of housing indices pointing upward on prices….

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Christmas sales come to the housing market

Christmas sales come to the housing market

It’s the run up to Christmas and we’re in a recession – well if not technically, we’re definitely suffering from the recession – so don’t be surprised to see redundancies on the rise and asking prices for homes on the decline. It is the nature of things. And in this regard we have not been let down by the price data research from the property websites Rightmove and FindaProperty. Both show the recent rally in asking prices reversing this month….

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