Group Chief Economist's Weekly Brief

Your one page digest of the previous week's main economic news - and what it means for your business.

31st August 2010

Chief Economist's Weekly Brief - Achieving balance (PDF 32KB)

There is general agreement that the UK and US economies need to be less dependent on the spending power of their consumers and more reliant on exports. Progress is slow to say the least. Household spending was the main driver of UK growth in Q2, while an insatiable appetite for imports meant that trade was an enormous dragging anchor in the US over the same period.

You can read more about how we expect the major economies to perform in the years ahead in our latest Global Economic Outlook (pdf 143KB).

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Disclaimer

This material is published by The Royal Bank of Scotland plc ("RBS"), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by RBS and RBS makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of the RBS Group Group Economics Department, as of this date and are subject to change without notice.