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Goldman Sachs Exchanges

Is the UK economy finally turning the corner?

Goldman Sachs Exchanges

Goldman Sachs

Business

4.41K Ratings

🗓️ 7 May 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

Goldman Sachs Research's Jari Stehn joins Charlotte Keenan of the firm's Office of Corporate Engagement to discuss the UK economy’s unique economic challenges, its path forward, and the role that small businesses can play in bolstering growth. To learn how the UK’s small businesses could help support the UK economy, read Generation Growth: The Small Business Manifesto.

Transcript

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0:00.0

Is the UK economy finally on the road to recovery?

0:03.0

I think it is fair to say that we are now turning the corner.

0:07.0

We are tracking first quarter GDP growth now at 0.4%.

0:12.0

That's the strongest in a couple of years. And we're also seeing that

0:16.1

improvement in some of the survey data, some of the consumer business surveys that have been

0:21.2

extremely weak throughout this period.

0:23.7

I'm Allison Nathan and this is Goldman Sachs exchanges. The UK economy has lagged behind the US and some European economies in recent years,

0:40.0

but is starting to show signs of growth. To discuss the country's unique economic challenges, its path forward,

0:46.0

and the role that small businesses can play in bolstering growth,

0:49.0

I'm sitting down with my colleague in Goldman Sachs research,

0:52.0

Chief European

0:53.0

Economist Yarri Stain and Charlotte Keenan who leads the firm's Office of

0:56.8

Corporate Engagement International Responsibilities.

0:59.3

Yari Charlotte, welcome to the program.

1:01.0

Thank you.

1:01.6

Hi, Allison.

1:02.3

Yari, let me start with you as I just said the UK Charlotte, welcome to the program. Thank you. Hi, Ellison.

1:02.6

Yari, let me start with you.

1:03.8

As I just said, the UK economy

1:05.8

has really lagged behind many of its peers.

1:08.6

It was actually, if I'm not mistaken,

1:10.6

in mild contraction in the second half of last year, but it does look like the

...

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