Tag: Capital Economics

Recovery will be “sluggish”, expert claims

Recovery will be “sluggish”, expert claims

Recent increases in the purchasing managers index (PMI) should not be taken as an indication that Britain is entering a strong recovery, one expert has claimed. Vicky Redwood, economist at Capital Economics, said economic recovery will be “sluggish” over the next two years. She made the remarks despite conceding that PMI data released this week […]

March 8, 2010 More
Leading economist expects 90,000 repossessions this year

Leading economist expects 90,000 repossessions this year

The managing director of economic forecasting agency, Capital Economics, has predicted that mortgage repossessions could rise to 90,000 during 2009. Roger Bootle, a former chief economist of HSBC, made the gloomy forecast earlier this week, when delivering a speech at the Chartered Institute of Housing South East’s Annual Conference and Exhibition, in Brighton. He also […]

March 5, 2009 More
Retail sales fall in September

Retail sales fall in September

The Office for National Statistics (ONS) have revealed that High Street sales fell by 0.4% last month, taking annual growth to 1.8%, from 3.3% the previous month. However, the September fall was less than analysts expected who had predicted a 0.9% monthly fall. The ONS said demand for new clothes and household goods had slowed […]

October 23, 2008 More
House prices to bottom out 35% below peak

House prices to bottom out 35% below peak

Capital Economics, the independent economic forecasting agency, is predicting that by next autumn, UK house prices will have fallen 35% from their peak, in summer 2007. The collapse will take £65,000 off the average price of a home, which could be worth £120,000 this time next year, down from £186,000 in the market boom. A […]

October 22, 2008 More
Sharp rise in unemployment in the UK

Sharp rise in unemployment in the UK

Figures from the Office for National Statistics (ONS) have revealed that in the three months to August, unemployment in the UK soared by 164,000 to 1.79 million. The rise marks the fastest for 17 years and many reports suggest that the number of people unemployed could hit the two million mark by Christmas. Capital Economics […]

October 15, 2008 More
Investors gamble on interest rates rising

Investors gamble on interest rates rising

City analysts have been predicting interest rate falls to 4.5% by the end of 2008. However, they are now gambling that rates will have to increase from the current level of 5% to manage spiralling inflation. City economists said that at the very best, all hopes of an interest rate cut this year have now […]

June 11, 2008 More
Second homeowners face forced sales

Second homeowners face forced sales

The credit crisis and an economic slowdown could force one in four second homeowners in England to downsize to one property over the next two years. Economic forecasting consultancy, Capital Economics, is predicting that falling house prices and the increased cost involved in running a second home will prompt many to sell. This could mean […]

May 21, 2008 More