NIESR announces 0.6% GDP growth
NIESR's monthly estimates of GDP suggest that output grew by 0.6% in the three months ending in May after growth of 0.5% in the three months ending in April 2015.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
These estimates are consistent with a rebound of economic growth in the second quarter of this year. For the year as a whole, NIESR forecasts GDP growth of 2.5% per annum, and continue to expect the MPC to start raising interest rates in the first quarter of 2016.
NIESR’s latest quarterly forecast projects GDP growth of 2.5% per annum in 2015 and 2.4% in 2016.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%
