"There is a risk that recent weakness, coupled with lower levels of business confidence now prevailing, could continue to dampen growth," Mr. Macfarlane said.
With consumer spending making up around three fifths of UK GDP, this will continue to dampen the UK's growth prospects.
Worries about the strength of the global economy, particularly in China and the eurozone, continue to dampen sentiment, as does the US air strikes in Syria.
Financial market stress, government spending cuts, stubbornly high unemployment and political uncertainty continue to dampen growth in high-income countries, the fund said.
Lasting concerns about sprawl and the environment will continue to dampen new construction, keeping supplies lower than demand, according to David W. Berson, the chief economist at Fannie Mae, the country's largest secondary mortgage market lender.
Other factors, such as contracts that reward doctors for providing better care rather than lots of it, could continue to dampen growth in future.The new report from CMS provides more data for academics to munch on.
Modest growth returned to the computer industry in the second quarter following a dip earlier this year, although consumer appetite for tablets continued to dampen demand for desktop and laptop PCs.
PITTSBURGH (AP) — The aluminum producer Alcoa said Wednesday that it lost $454 million in the second quarter as the global recession continued to dampen demand and prices for the lightweight metal.
But the common view of most retailers is that low consumer confidence and the squeeze on real household disposable income – which actually fell by 0.3 per cent last month, according to the Treasury – will continue to dampen consumer spending for the foreseeable future.
A temporary fall in inflation below the target would be positive since it would underpin real incomes and support demand, at a time when the fiscal plan and eurozone problems continue to dampen UK growth prospects.
