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  • 1 min

British Risk

  • 21 April 2017
  • Philippe Waechter
  • Brexit
  • Households Consumption
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The United Kingdom GDP growth will slowdown dramatically during the first quarter of 2017. Retail sales were down -6.1% during the first three months of the year, in contrast with what was seen recently. This reflects the acceleration of the inflation rate and specifically the higher food prices that have reduced HH purchasing power.
As the consumption profile is consistent with retail sales we can expect a drop in HH consumption that will pull down the GDP figure.
This is the first real impact of the Brexit through lower purchasing power. But that’s just a first step
uk-2017-q1-retailsales&consimption

Related Topics
  • Brexit
  • Households Consumption
On the same topic
  • 1 min

British procrastination – a postponement will not guarantee an agreement

  • 9 April 2019
  • United Kingdom

Philippe Waechter

Theresa May is in Berlin and Paris to request a new deadline. It’s a safe bet that she will get some time. The date discussed is December 31, 2019. It…
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  • 3 min

Growth: the Gallic village resists

  • 20 March 2019
  • France

Philippe Waechter

INSEE, the French statistical institute published its new forecasts for the first half of this year. (Its forecasts are just for a semester to avoid being in conflict with the…
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  • 1 min

Another moment, Mr. Executioner

  • 14 March 2019
  • European Commission

Philippe Waechter

The British parliament is undecided. The vote on the possibility of a no deal is very divided. 321 against a no deal but 278 in favor of a lack of…
  • Brexit
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