U.K. Must Hope for Better Policy, Trade, Spending -- Market Talk
Dow Jones
Feb 13, 2025
0832 GMT - The U.K.'s recovery now banks on policy, trade, and a recovery in consumer spending, Deutsche Bank economist Sanjay Raja writes in a note to clients. An expansion of 0.1% in GDP in the fourth quarter of last year leaves the British economy on a more positive footing, Raja says. But vulnerabilities remain, he says, pointing to a looming trade war and rising energy bills. "The near-term U.K. recovery now rests on three pillars: less restrictive fiscal and monetary policy, a savings-led household consumption recovery, and a rebalancing in trade," Raja says. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
February 13, 2025 03:32 ET (08:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.