Schroders’ senior European economist, Azad Zangana, comments on the UK’s economic landscape and how he expects the Bank of England to react following today’s UK inflation announcement. The impact from the fall in the pound is starting to feed through in to import price inflation, though we expect the Bank to hold fire on raising […]
Fourth quarter UK GDP growth beats expectations and shows no signs of Brexit gloom, Azad Zangana, senior European economist at Schroders, comments. There are still no signs of a slowdown in the UK economy since the Brexit referendum, according to the latest GDP figures from the Office for National Statistics. The UK economy is estimated […]
Azad Zangana, senior European economist and strategist at Schroders comments on today’s UK inflation figures. The annual rate of UK inflation based on the consumer prices index (CPI) increased to 1.6% in December compared to 1.4% in the previous month – the fastest pace of inflation for two and a half years. The latest figures […]
Schroders’ Senior European Economist, Azad Zangana comments on the preliminary estimate of UK GDP announced this morning. The preliminary estimate of UK GDP for the third quarter showed economic growth slowing to 0.5% quarter-on-quarter compared to 0.7% in the previous quarter. Consensus expectations were for a small slowdown to 0.6%, but the latest figures disappointed […]
With just over five months to go until the general election, today’s Autumn Statement was the Chancellor’s penultimate opportunity to showcase both the public finances and the macroeconomic outlook to the electorate, according to Schroders Senior Economist Azad Zangana. A relatively strong UK economy Starting with the economy, the Chancellor crowed about the relative strength […]
Azad Zangana, European economist at Schroders, gives his views on last week’s speech from European Central Bank President, Mario Draghi: “European Central Bank (ECB) President Mario Draghi confirmed that the ECB will buy covered bonds from mid-October and asset backed securities (ABS) from the fourth quarter of this year. Draghi confirmed that purchases will take […]
Schroders’ European Economist, Azad Zangana, comments on today’s results of the Scottish referendum and the decision from Scotland to stay within the United Kingdom: “After months of intense campaigning, great uncertainty and volatility in markets, Scotland has voted not to leave the United Kingdom. With an enormous projected turnout of 84.5%, the projected results of 55.4% […]
Ireland and Portugal’s recent downgrade to junk status and concerns over Italy’s debt levels have put renewed pressure on Belgium’s economy, analysts argue.
Investors in European economies with large fiscal deficits have a depressed view of domestic and global economic prospects, while their neighbours in structurally sounder economies are somewhat more optimistic, a pan-European survey by Schroders shows.
Following its first increase in several months in April, the European Central Bank’s governing council raised interest rates by a further 25 basis points to 1.5%. European economists say the amount stronger countries in the region contribute to its GDP drove the move, but warn of further damage to Europe’s periphery.