The latest set of economic indicators show that UK GDP is growing faster than any time since 2007. Is this a robust recovery?
Over 500 readers responded to our poll last week, and despite the statistics showing a recovery in the British economy, there still seems to be a fair bit of scepticism in the air. While 23 per cent thought that the economy was looking better all round, the largest group of respondents, 46 per cent, felt the economy was still unbalanced in favour of services, while 31 per cent thought the current growth in GDP was built on unstable foundations.
Last week’s GDP news has been bolstered by the latest Purchase Manager’s Index, which showed an increase in UK manufactuing output and forward orders.
Please let us know your views on this issue.