BOE's Carney Says U.K. Growth Resilient Since Brexit

The transcript discusses the UK's economic resilience post-referendum, highlighting a stronger growth forecast due to factors like eased fiscal policy and a firmer global economy. Despite this, business investment remains flat, and GDP is projected to be lower than pre-referendum expectations. Financial markets are adjusting to new economic prospects, with a focus on consumer strength and market pessimism.

What is one of the main reasons for the upgraded UK economic growth forecast?

• Decreased global trade

• Chancellor's autumn statement easing fiscal policy

• Higher interest rates

• Increased consumer spending

Which factor is NOT mentioned as contributing to the UK's supportive financial conditions?

• Strong competition in consumer credit markets

• Historically low mortgage rates

• Low risk-free rates

• High inflation rates

How has household behavior been characterized in the context of the UK's economic outlook?

• Households are significantly increasing their savings

• Households are investing heavily in real estate

• Households are cutting back on spending

• Households are maintaining spending despite income squeeze

What is the expected impact of the referendum on business investment?

• Business investment is expected to be 25% lower

• Business investment is expected to remain stable

• Business investment is expected to double

• Business investment is expected to increase by 25%

What adjustment are financial markets making in response to the UK's economic prospects?

• Increasing the value of sterling

• Pricing in a material adjustment to economic prospects

• Reducing interest rates

• Boosting foreign investments