Sentences with phrase «household consumption contributes»

Given that household consumption contributes around two - thirds of GDP growth in the UK, these are important macroeconomic channels.

Not exact matches

It contributes to things like the inflation of house prices26, and the conversion of housing equity into money is another driver of household consumption beyond what the productive economy can fund27.

Growth in household consumption was subdued with business investment and net trade contributing to the annual GDP numbers, in line with the MPC's November Inflation Report.

This was particularly the case in Korea, where policy initiatives aimed at restraining household borrowing contributed to a decline in consumption of 2 per cent in the March quarter.

Rising consumer confidence and low interest rates have contributed to strong growth in household consumption.

The Blair / Brown economic legacy was one of under - investment in key infrastructure, notably transport and energy; a continuing decline in manufacturing contributing to a structural balance of payments deficit; an accelerating regional economic divide; and a speculative property and construction boom financing public and private consumption through highly leveraged government and household debt.

As households increase savings and reduce debt, consumption is lower contributing to slower growth.