ich habe meine Schwierigkeiten Sachtexte auf English zusammen zu fassen.
Wäre nett von Euch, wenn Ihr mir evtl. dabei helfen könntet. Möchte gerne wissen, welchen Inhalt ich meinem Abstract noch hinzufügen könnte.
Ich werde hier den Sachtext & meine Version des Abstracts hochladen.
Leider weiß ich selbst, dass meine Englisch Skills dafür nicht gut genug sind.
Vielen Dank im vorraus!
Über jeden Tipp wäre ich Euch dankbar
The text at hand “ UK consumer spending growing at weakest rate in nearly three years”, written by Richard Partington and published on the website “www.theguardian.com” on 24th August in 2017, deals with the actual consumption problem and the British economy as a whole.
The text can be divided into four parts.
In the first part the author points out the negative development of the British economy. According to statistics the consumption rate has sunk strongly in the last three months of 2014.
In the next part Partington puts emphasize on the consumption of the British households and points out that the problem is occured due to high inflation rates.
The Brexit is also a reason for the decresent of private consumption.
An Expert states that the consumption decrease could be induced by the purchase of new chars to evade a tax change. But the growth rate will increase in the second half of the year.
The Gdp of the first quarter of the year just had a small increase, which stands for a slow improvement for the Bristish economy.
Finally, Anna Leach the head of economic intelligence says that the households will not spend more money, till their wages will increase.
, 24 August 2017)
Spending by British consumers is growing at the weakest rate in almost three years, as households squeezed by
rising prices tighten their belts. Household spending growth slowed to 0.1% in the three months to June, the
Office for National Statistics said, the slowest rate of quarterly growth since the final three months of 2014.
Business investment in the British economy showed no growth at all in the second quarter.
The slowdown in private consumption, which was worse than expected by city economists, comes as rising inflation and weaker levels of wage growth puts the squeeze on household budgets. The slump in the value of the
pound since the UK’s vote to leave the European Union last year is also taking its toll.
Howard Archer, the chief economic adviser to the EY Item Club, said: “Consumer spending is likely to be
pressurised through the latter months of the year by an ongoing appreciable squeeze on purchasing power.
Indeed, real incomes growth is likely to remain negative for some months to come.”
Some of the fall in household spending could be attributed to consumers shifting their car purchases to beat a tax
change earlier this year, according to analysts at Capital Economics.
“We remain optimistic that a modest acceleration in growth in the second half of the year is in prospect,” said
Paul Hollingworth, UK economist at the consultancy.
After a 0.6% expansion in the first quarter, the flat level of business investment in the three months to June was
particularly disappointing to economists, and could point to firms’ concerns and uncertainties over Brexit
limiting spending decisions.
Frances O’Grady, the TUC general secretary, said the government should keep single-market membership on the
negotiating table in Brexit talks to help bolster confidence among firms. “Instead of getting match-fit for Brexit,
business investment is sat on the bench and the economy is sliding towards the relegation zone,” she said.
The ONS reaffirmed its first estimate for gross domestic product growth in the first quarter of 0.3%, illustrating
the sluggish pace of the UK economy. With inflation at close to peak levels, the Bank of England could be put
off from raising interest rates before late 2018, or even early 2019, according to Archer.
Britain’s dominant services sector continued to drive the economy, offsetting a slump in construction and
manufacturing. Although weaker consumer spending is worrying in the short term, it could allay fears over
households continuing to spend on credit cards, potentially building problems for the future.
Sebastian Burnside, a senior economist at RBS, said: “Households are responding by slowing that spending and
putting their finances on a more stable footing. That might not be good for growth this quarter, but it is a much
more reassuring sign for the longer term.”
Separately, the CBI said retail sales declined in the year to August, disappointing expectations that growth would
hold broadly steady. In a survey of 117 firms, of which 57 were retailers, the industry body found sales for the
time of year were considered to be below normal to the greatest extent since October 2014.
Anna Leach, the head of economic intelligence at the CBI, said: “Retail sales have cooled as higher inflation
continues to squeeze consumers’ pockets. Looking ahead, firms do expect sales growth to recover, but the
pressures on household budgets are set to persist, given little sign of wages picking up.”
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