This report gives an authoritative analysis and five year forecast of key economic indicators, assessing their influence on demand and impact on the consumer economy. The report looks at GDP, interest rates, unemployment, earnings & disposable income, inflation, the housing market, consumer confidence and savings ratio, providing a comprehensive assessment of the economy and its impact on retail.
- Insight into key economic indicators - such as GDP, interest rates, unemployment, earnings and inflation
- Analyst insight provides an overview of key economic factors and how this will impact on retail growth.
- Economic forecasts to 2013 will help identify when the UK economy is expected to recover from the recession.
The economy has stalled and is now firmly in the depths of a recession, which will be protracted and painful. Lower economic growth is impacting consumers' ability to spend, dampening demand, creating surplus capacity and pushing down prices. The recession is set to be worse than that of the early 1990s.
As the economy contracts, the number of people out of work will rise sharply. Unemployment will peak in 2010, by which time an estimated 3.2m people will be out of work. Job losses are beginning to spread out to services and manufacturing. With higher unemployment comes a reduced willingness to spend among those still in work.
2008 saw rising prices across all areas of the economy and lower than average pay settlements. This meant that real disposable income growth was minimal at best. Though some inflationary pressures remain in food, in 2009 overall prices are coming down, while mortgage costs have fallen for many.
Reasons to Purchase
- Identify the key economic drivers during the recession and how these will impact retail sales growth.
- Use analyst insight and commentary to identify the main threats and opportunities over the next five years.
- Enhance your understanding of key issues, trends, and dynamics in the market, providing a valuable tool to help steer through turbulent times ahead.