How manageable are threats to the UK economy?

How manageable are economic threats?

Mike Amey, managing director and head of sterling portfolios at PIMCO, asks if short-term shocks are set to derail UK growth

After a number of bumps along the road, the UK economy finally appears to have achieved a stable - albeit sluggish - economic recovery. There have so far been ten consecutive quarters of economic growth, the level of real economic output is 4.5% above the prior peak in the first quarter of 2008, and the outlook for the next few quarters looks promising.  UK consumer confidence is at a 15-year high, real wages are finally rising, employment growth is still rising by 1.5% per annum and there is very little inflation risk on the horizon.  Are we therefore in for a protracted period of ec...