Economic & Retail Update – Q1 2018
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The UK "Economic & Retail Update – Q1 2018", report offers comprehensive insight and analysis of the UK economy and retail environment (including forecasts up to 2023). It provides in-depth analysis of the following: the key issues regarding the UK economy (including CPI, unemployment rate and etc.), and the key issues regarding the UK retail market (including online, offline and non-food markets).
Scope
– The UK’s 2017 Q4 year-on-year GDP growth fell to 1.4%, significantly below the Eurozone (2.7%) and the US (2.5%), as a result of slower growth in production industries. We forecast GDP to remain subdued throughout 2018, peaking in Q2 at 1.6% but remaining at 1.5% for the rest of the year and throughout 2019 and 2020.
– Interest rate increases of 0.25% each time are expected for May and November this year as the Bank of England attempts to bring the 3.0% CPI year-on-year growth recorded in Q4 2017 in line with the 2.0% target by the end of 2018.
– Despite 2.5% year-on-year growth in average weekly wages for 2017, this lags significantly behind all measures of inflation, resulting in negative real wage growth and thus further monetary pressure on consumers already reduced spending power.
Reasons to Buy
– This report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of key economic indicators and retail sectors.
– The broad but detailed perspective will help manufacturers and retailers understand and succeed in the challenging retail market.
– Discover which segments of the market are forecast to prosper out to 2023, and how alterations in economic policy will impact the retail market's future prospects.
– Utilise our online forecasts to 2023 to consider how to exploit your online potential and decide how best to target consumers via the channel.
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Frequently asked questions
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