DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/9zzkfw/uk_annual) has announced the addition of the "UK Annual Forecasts 2012-17: Retail and the Economy" report to their offering.
The short economic recovery following the recession came to an abrupt halt when the UK entered its longest double dip recession since the second world war. Unemployment has remained stubbornly high, while low wage growth and consumer confidence have continued to impact spending patterns. While there is light at the end of the tunnel, it remains far farther away than many first anticipated.
Effectively plan for the future, and anticipate profit margin movement, by understanding the path for inflation over the next five years. Plan your growth and expansion strategy by understanding and adjusting it to the shape of the UK economic landscape over the next five years. Anticipate a recovery in retail spending, and understand the impact of economic measures on consumer behavior, and when a positive trend will be seen
Inflation finally appears to be falling, despite a slight blip in July 2012, thanks to the VAT increase coming out of annual comparisons. While this is good news for retailers, with less pressure on input costs and consumers' wallets, there is very little growth in real incomes, meaning consumers are still finding it very difficult
Lack of demand, and little desire to sell means that the UK housing market remains weak. Average prices are 11.1% lower than before the recession in 2008, while transaction volumes remain heavily suppressed in 2012. Little activity has led to significant downward pressure on consumer spending, especially in big ticket and home related categories
While unemployment is declining in 2012, it remains stubbornly high, with little sign of relief in the near future, and we expect a lag between the economic contraction in 2012 and its impact on unemployment. Firms will avoid hiring until the outlook is considerably more positive, meaning unemployment is unlikely to fall substantially until 2015
Key Topics Covered:
- Bank of England,
- Informa plc
For more information visit http://www.researchandmarkets.com/research/9zzkfw/uk_annual
Source: Research and Markets