Arab Today, arab today uk economic recovery strong but action needed on housing
Last Updated : GMT 15:59:09
Arab Today, arab today
Arab Today, arab today

UK economic recovery strong but action needed on housing

Arab Today, arab today

Arab Today, arab today UK economic recovery strong but action needed on housing

UK economic recovery strong but action needed on housing
London - AFP

Britain's economic recovery is robust and becoming more balanced, but action must be taken to deal with a housing shortage that is causing prices to spiral, the International Monetary fund said Friday.
The IMF report into the country's economic health warned that the recovery could be derailed by external shocks, such as slowing growth in emerging markets, and advised that the Bank of England keep monetary policy loose for the immediate future.
"The economy has rebounded strongly and growth is becoming more balanced," it said.
"Although household expenditures played the driving role in the early stages of the recovery, business investment has picked up more recently."
Britain's economy grew by 0.8 percent in the first quarter of 2014 compared with output in the final three months of last year, recent data showed. On an annual comparison growth was 3.1 percent.
The IMF said the rebound was "expected to persist" with real GDP growth remaining strong in 2014 before returning to trend rates, but that this outlook could be compromised unless productivity improves.
Despite ever-increasing house prices, the group found "few of the typical signs of a credit-led bubble", instead blaming the conditions on a failure to build enough new homes.
External threats to the economy include shocks to growth in emerging markets and the euro area, increased geopolitical tensions and the tapering of unorthodox liquidity measures in the United States.
However, money supply in Britain should "stay accommodative—for now" but policy should be tightened quickly "if costs run ahead of productivity growth".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk economic recovery strong but action needed on housing Arab Today, arab today uk economic recovery strong but action needed on housing

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk economic recovery strong but action needed on housing Arab Today, arab today uk economic recovery strong but action needed on housing

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday