THOTH Newsroom

Summary of the UK Economy(Mar-2024) Technical Recession; 2 consecutive quarters of recession Rising Inflation Trade deficit United Kingdom, the Bank of England's base rate is 5.25% (2024-03-21) and has been frozen five times. Summary of the UK Economy GDP Projections; Bank of England The Bank of England's forecast for UK economic growth is shown above. 2022 (actual) : 4.3% 2023 (forecast) : 0.3% 2024(forecast) : 0.3% 2025 (forecast) : 0.8% We assume the 2023 forecast is nearly realistic, and we also forecast low growth of 0.3% in 2024. Quarterly economic growth rates for 2023 are shown below. 1Q 2023 : 0.2% 2Q 2023 : 0% 3Q 2023 : -0.1% 4Q 2023 : -0.3% With three and four consecutive quarters of negative growth in 2023, we are characterizing this as a technical recession. CPI Projections; Bank of England Looking at the inflation outlook, we expect inflation to stabilize after reaching +4.2% in Q4 2023. In January 2024, the Consumer Price Index (CPI) stood at 4.0%, down -0.6% mon

Spotlight on Ukraine's post-war reconstruction project Global infrastructure investment expected to increase; US (IIJA), Canada, India, etc. Ukraine reconstruction project to reach $1 trillion... largest since World War II Increased interest in infrastructure investment from major countries around the world ... U.S. (IIJA), Canada, India, etc. With the possibility of a Russian-Ukrainian ceasefire on the horizon, there is growing interest in post-war recovery and reconstruction projects in Ukraine. In addition, it is a time of high interest in infrastructure investment globally. The U.S. is increasingly focusing on infrastructure investment through the Infrastructure Investment and Jobs Act (IIJA), and Canada is expected to invest in construction, civil engineering, and other infrastructure in line with the U.S. IIJA. India, Indonesia, etc. are expected to invest in infrastructure for economic growth and industrial base. Construction, civil engineering, industrial facilities, defens