OECD Say UK On Edge Of Lasting Recovery

11 April 2012 17:00 - Victoria Wedderburn

    



OECD Say UK On Edge Of Lasting Recovery

According to international think-tank, the Organisation for Economic Co-operation and Development (OECD) the UK is at a “potential turning point.” They said the world’s leading economies had regained momentum in an upbeat reassessment of the UK’s prospects. The OECD said its leading indicator of economic activity in its 354 members rose to 100.5 in February from 100.3 in January which is a fourth straight monthly increase. They said, “Composite leading indicators...continue to point to a positive change in momentum in the OECD as a whole, but with some divergence between major economies.”

The OECD made the judgement because its composite leading indicators (CLIs) indicated a pick-up in activity for two successive months in January and February. However, it did say that the recovery may be fragile as February’s improvement in activity was weaker than in the previous month’s assessment. The UK also remains below the long term trend level of growth, measure as 100, which indicates a rebound. The UK CLI for February was 99.5.

This comes after the OECD recently predicted that the economy had shrunk in the first three months of 2011 by 0.1%, following a 0.3% decline in the last quarter of 2011. A contraction would mean that the UK was back into a technical recession. However, most economist now disagree with the OECD and believe the economy actually grew in the first quarter of this year.

7.jpg

Related Links :
OECD - Media Release
Latest News - Regular News Updates

PRODUCT RANGES: CURRENCY EXCHANGE
Foreign Exchange and Currency.
TRADING
Forex, CFDs, Shares and Futures.
INVESTMENTS
ISA, Pensions, Savings Accounts.
LOAN PRODUCTS
View all Loan and Debt Products.
CARD PRODUCTS
All Card Products Compared.
MONEY PRODUCTS
All Money Products Compared.
INSURANCE PRODUCTS
All Insurance Products Compared.

Is Everything covered for that Big Day ? Wedding Insurance
31 August 2018 - Which Way To Pay
Planning your wedding is one of the happiest times in your life , however we always need to make sure that we are covered for every penny spent . Wedding Insurance is a Must
Read More >>
Forever monitoring your endowment policy ?
08 April 2017 - Which Way To Pay
If this is your case then why not sell your policy on to make yourself some cash , and get what its worth.
Read More >>
Dreamt of that perfect overseas property ?
04 April 2017 - Which Way To Pay
EU overseas property mortgages have taken a whole new turn
Read More >>