United Kingdom: More hopes of stabilization – Societe Generale
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Analysts at Societe Generale said in their latest client note, “in a light data week following Easter, the main focus will be on the monthly GDP data.”
“It has been highly volatile over the turn of the year because of strikes and other influences on public sector activity but we think those effects will have faded in February to give a second successive month of growth.”
“This will raise hopes that the UK might be able to avoid a recession altogether as the Office for Budget Responsibility has recently forecast.“
“The RICS housing survey is likely to show further modest improvement.”
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