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Commercial property owners told: 'Q2 will be best quarter of 2010'
Business property owners who have seen positive trading results during recent months have been told the second quarter (Q2) of 2010 "will be the best quarter this year".
This is the view of Michael Baxter, editor of Investment and Business News, who says the economic growth witnessed in Q2 may be better than anything predicted for 2011 as well as the rest of this year.
His comments come as the latest gross domestic product (GDP) figures from the Office for National Statistics pointed to a 1.1% growth in the last three months, compared with 0.3% during Q1.
This may have meant commercial property owners witnessed better-than-expected profits.
Mr Baxter believes the country is yet to feel the full effects of the emergency Budget and European austerity measures.
He cautions "when we do it is going to reduce growth, as will the turn in the inventory cycle".
Mr Baxter adds the recent results were unexpected, but it is somewhat shocking that the markets were so surprised by the strong GDP growth.
Posted by James Collins
This is the view of Michael Baxter, editor of Investment and Business News, who says the economic growth witnessed in Q2 may be better than anything predicted for 2011 as well as the rest of this year.
His comments come as the latest gross domestic product (GDP) figures from the Office for National Statistics pointed to a 1.1% growth in the last three months, compared with 0.3% during Q1.
This may have meant commercial property owners witnessed better-than-expected profits.
Mr Baxter believes the country is yet to feel the full effects of the emergency Budget and European austerity measures.
He cautions "when we do it is going to reduce growth, as will the turn in the inventory cycle".
Mr Baxter adds the recent results were unexpected, but it is somewhat shocking that the markets were so surprised by the strong GDP growth.
Posted by James Collins
Mon, 26th Jul 2010