☕ Vincenzo Manto ☕’s Post

What are the prospects for the UK economy as we emerge from a technical recession? In KPMG UK's latest UK Economic Outlook, they provide forecasts for real GDP growth, inflation, interest rates and the labour market. Read the UK Economic Outlook report for March 2024: https://lnkd.in/e4D5P5ZQ #KPMG #EconomicOutlook #inflation #UKgrowth

What are the prospects for the UK economy as we emerge from a technical recession? In KPMG UK's latest UK Economic Outlook, they provide forecasts for real GDP growth, inflation, interest rates and the labour market. Read the UK Economic Outlook report for March 2024: http://spkl.io/60454FOEf #EconomicOutlook #inflation #UKgrowth Activate to view larger image,

What are the prospects for the UK economy as we emerge from a technical recession? KPMG UK's latest UK Economic Outlook, provides forecasts for real GDP growth, inflation, interest rates and the labour market. Read the UK Economic Outlook report for March 2024: http://spkl.io/60404FGhe #EconomicOutlook #inflation #UKgrowth

There are signs that the UK economy is emerging from stagnation as we enter the second quarter of 2024. KPMG’s latest Economic Outlook, led by our Chief Economist Yael Selfin and her team, points to reasons for business leaders to feel more confident. We expect inflation to return to its 2% target in the first half of the year, paving the way for interest rate cuts from the summer. And pay growth is slowing down, despite the hike in the National Living Wage next month. However, longer-term challenges remain, including : sluggish productivity, chronic under investment, and a slowing labour supply. Until these are unlocked it’s likely that growth will remain weak by historical levels at least. Explore our latest economic analysis in more depth via the link below: 👉 https://lnkd.in/e4D5P5ZQ #KPMG #UKEconomy #Economicinsights

UK’s weak economy is taking a toll on its labour market. By historic standards Britain’s current recession is a mild one, but even so weak activity is starting to take its toll of the labour market. Nothing dramatic is happening. Unemployment is up a bit but the jobless rate remains below 4%. The number of people employed fell slightly and job vacancies continued to decrease, although the total of 908,000 remains above pre-pandemic levels. Meanwhile, as the annual inflation rate has fallen so pay growth has moderated too. For the time being at least workers’ living standards are rising because wages are rising more rapidly than prices.

Get your recruitment right & the rest will follow. Two articles caught my eye yesterday 👇 The Independent reported that 'the IMF said that Britain’s inflation rate would soon hit its target of 2 per cent, with GDP growth among the highest of any major Western economy. The IMF warned that a shortage of workers in the UK, has contributed to Britain having more persistent inflation than comparable economies.' AND... 'The UK spends less of its national income on defence than it did when Labour left office, a Tory peer has admitted' announced the Telegraph. 'Spending on defence as a percentage of GDP has overall fallen from 2.47 per cent in 2010 to 2.28 per cent in 2023, the Earl of Minto said.' Both articles cite skills shortages and recruitment crises as significant headwinds and barriers to growth and progress. But it is within organisation's gift to fix this. There are experts out there that can help. Great people can...... open new markets propel growth increase productivity improve profitability change cultures So what are we all waiting for? #recruitment #procurement

Britain's current weak economy is starting to take its toll on the labour market, but not in the historically catastrophic ways we have seen in the past. The number of people currently employed and the amount of job vacancies have fallen slightly but the jobless rate remains below 4%. When looking at the bigger picture, things could be better but things could also be a lot worse... We will take that as a win! Read more here: https://bit.ly/49vKeDD #Recession #BritishEconomy #UnemploymentRate

With today's unexpected fall in the rate from 4.4% to 4.2%, the UK now has a lower unemployment rate than that of the US. Add this development to the list of economic outcomes that were thought to be highly unlikely coming in 2024 (and, in this case, well into the year). #economy #markets #unempoyment #jobs

We’ve published the latest UK labour market figures.       Headline indicators for the UK labour market for February to April 2024 show:        • employment was 74.3%     • unemployment was 4.4%     • economic inactivity was 22.3%      Pay grew by 6.0% excluding bonuses, or 5.9% including bonuses, in the year to February to April 2024.    The number of vacancies in March to May 2024 was 904,000, a decrease of 12,000 on the previous 3 months. This is down by 156,000 from a year before, although they remained 108,000 above their pre #COVID19 levels.    Read more ➡️ https://lnkd.in/e7yiSeZq 

Unemployment has gone up in the UK, with the jobless rate unexpectedly rising, while pay growth has slowed, reflecting wider weakness in the economy. In my view, Interest Rate cuts are long overdue to kick start the economy #economy #interestrates