GDP Q1 Forecast +0.4%

kennyboy66_2

Generali wrote: »

I came across the same figure when studying economics. It's based on empirical data: growth in GDP>2% is consistent with falling unemployment. GDP growth <2% is consistent with rising unemployment generally. It's certainly not a hard and fast rule, just an observation of past events.

I've always thought it was closer to 1.5%.
UK would do well to get average growth of 2.5% over a full economic cycle.

I would strongly suspect the vast majority of additional net unemployment over the next 5 years will be from the Government spending less. Numbers in the region of 1/2 million public sector jobs going are not fanciful.

I'd fancy the private sector will create jobs in the next 5 years.