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News Tag: Capital Economics

March 8, 2010

Recovery will be “sluggish”, expert claims

by David Masters
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 was "pretty positive". Both the manufacturing and service sectors have seen expansion, easing worries ...




March 5, 2009

Leading economist expects 90,000 repossessions this year

by Gill Montia
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 warned that around 3.5 million households could ...




October 23, 2008

Retail sales fall in September

by Kay Mitchell
”Retail
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 as sales of clothes, shoes and textiles fell ...




October 22, 2008

House prices to bottom out 35% below peak

by Gill Montia
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 fall on this scale would return ...




October 15, 2008

Sharp rise in unemployment in the UK

by Kay Mitchell
”Sharp
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 recently suggested that the figure could ...




June 11, 2008

Investors gamble on interest rates rising

by Kay Mitchell
”Investors
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 been 'snuffed out'. The reversal in ...




May 21, 2008

Second homeowners face forced sales

by Gill Montia
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 that by 2010, around 60,000 second homes will have ...