Back
7 Jan 2014
Flash: Will the UK´s recovery be sustained in 2014? - Goldman Sachs
FXstreet.com (Barcelona) - Goldman Sachs analysts question whether the UK recovery can be sustained into 2014.
Key Quotes
“Yes, but at a more moderate pace than recorded at the end of 2013. We expect two factors to support the recovery in 2014: first, the ongoing recuperation of the UK’s banking system (and the associated improvement in credit provision);”
“Second, stronger demand in the UK’s main trading partners. We nevertheless expect some moderation in sequential growth, in part owing to the effect of Sterling’s appreciation on net trade.”
Key Quotes
“Yes, but at a more moderate pace than recorded at the end of 2013. We expect two factors to support the recovery in 2014: first, the ongoing recuperation of the UK’s banking system (and the associated improvement in credit provision);”
“Second, stronger demand in the UK’s main trading partners. We nevertheless expect some moderation in sequential growth, in part owing to the effect of Sterling’s appreciation on net trade.”