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Our forecast for growth is unchanged, with GDP seen declining 0.7% this year - the worst performance since 2010 - on the back of OPEC-led cuts in oil output at the start of the year. But growth in the non-oil economy will see further, albeit gradual, improvement to 2.5% in 2017, despite the latest hike in interest rates by the central bank.
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The Shale Gas and Oil Report from ISA highlights the key developments in the fast-growing shale gas and oil industry. Moreover, this report highlights the developments in shale gas and oil industries outside ...
The economy has started to move out of recession but it will struggle to achieve any more than weak growth this year as the government will have to embark on a fresh round of austerity to rein in the large ...
Our growth forecast has barely changed with no new national accounts data and oil production rising broadly in line with expectations. The base case sees GDP growing by a forecast 4.3% pa over the forecast ...