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IMF predicts UK economy will decline by less than previously predicted in 2023
The UK stock market saw gains last week as the FTSE 100 index climbed by 1.8%. It was announced that the UK economy stagnated in February as Gross Domestic Product (“GDP”) showed zero growth, largely as a result of the widespread industrial action which led to a disruption in productivity. GDP was below expectations of a 0.1% increase and even further below January’s 0.4% growth figure. The largest contributor to negative growth in services came from teacher strikes and was partly offset by growth in the construction sector. There have been concerns over growth in the UK in recent months, but it appears to be slowly easing as the International Monetary Fund (“IMF”) predicted that the UK’s economy would decline by 0.3% in 2023, which is less than its previous forecasts. However, upward revisions in GDP and improving global economic conditions have given increased confidence that a recession in the UK is less likely, with the focus shifting towards identifying signals for an anticipated rebound...
Stocks featured:
Citigroup, JPMorgan Chase & Co, LXi REIT, Superdry and Wells Fargo
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.
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By Walker Crips Investment Management Limited
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The UK stock market saw gains last week as the FTSE 100 index climbed by 1.8%. It was announced that the UK economy stagnated in February as Gross Domestic Product (“GDP”) showed zero growth, largely as a result of the widespread industrial action which led to a disruption in productivity. GDP was below expectations of a 0.1% increase and even further below January’s 0.4% growth figure. The largest contributor to negative growth in services came from teacher strikes and was partly offset by growth in the construction sector. There have been concerns over growth in the UK in recent months, but it appears to be slowly easing as the International Monetary Fund (“IMF”) predicted that the UK’s economy would decline by 0.3% in 2023, which is less than its previous forecasts. However, upward revisions in GDP and improving global economic conditions have given increased confidence that a recession in the UK is less likely, with the focus shifting towards identifying signals for an anticipated rebound...
Stocks featured:
Citigroup, JPMorgan Chase & Co, LXi REIT, Superdry and Wells Fargo
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.