ITEM club sees rosier future
Ernst & Young's ITEM club expects the economy to pick up during the year, with business spending set to rise and exports from the UK likely to climb.
Ernst & Young's ITEM club expects the economy to pick up during the year, with business spending set to rise and exports from the UK likely to climb.
Link: Tax hikes on the way, says ITEM club
In its quarterly economic outlook, the ITEM club said it expected GDP growth to rise to 2% later in the year, with continued acceleration into 2004/2005.
Professor Spencer, economic adviser to the ITEM club, said adjustments made to financial markets and corporate boardrooms following the ‘euphoria’ in the run up to the millennium had left the economy in much better shape in the long term, but said the cost to household incomes and balance sheets has been enormous.
The report also highlighted an improvement in disposable income for companies due to increased productivity, and forecast a revival in business spending.
Exports from the UK and business investment into the country are also expected to pick up in 2003.
The outlook was not so rosy for personal incomes with the threat of redundancy, the pensions crisis and depressed equity markets hanging over the heads of most workers.
The numbers you crunch tell a story. Your expertis...
21yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article