Economists raise UK GDP forecasts
UK economic forecasts have risen according to a Bloomberg monthly survey.
- Q3 2013 annualised GDP revised up to 1.1% from 0.8%
- Q4 2013 up to 1.8% from 1.4%
- Q1 2014 2.0% from 1.6%
- 2014 average at 1.7% from 1.6%
The median estimate of respondents saw a 10% chance of a recession over the next 12 months.
Whether you believe in a UK recovery or not (or in economists for that matter), you need to note the sentiment change. That is all it takes to send a currencies on it’s way.