A delicate balance between stagnation and contraction
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Description
According to the latest figures announced by the Office of National Statistics last week, the UK economy grew by 0.3% in November 2023, surpassing the expected 0.2% expansion by economists polled recently by Reuters, after contracting by 0.3% in the previous month. The services sector, buoyed by robust performances in retail, car leasing and computer games, played a pivotal role in this recovery. Strong Black Friday sales and a reduction in industrial action also contributed, alongside reduced fears of a technical recession. However, Bloomberg cautioned that the 0.3% rebound in November may not be sufficient to dispel concerns of a recession, highlighting the delicate balance between stagnation and contraction.... Stocks featured: Greggs, Marks & Spencer and Whitbread To find out more about the investment management services offered by Walker Crips, please visit our website: https://www.walkercrips.co.uk/ This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
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