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Grow your business online | Canadian economy | UK growth revised

Mobile shopping
Using online platforms to reach an international audience

At the British Chambers of Commerce Annual Conference, Ciaran Quilty from Facebook and Martin Sorrell from WPP discussed the evolution of communication, the rise of e-commerce, and what the shift to mobile means for British businesses.

The average person checks their smartphone 200 times a day. This is a great opportunity for businesses as they can now reach customers anywhere, anytime. More than 50 million businesses are using Facebook pages to grow their online presence, whilst a rising number of manufacturers are turning to e-commerce to get ahead of traditional retailers.


Canadian economy gets boost from exports

In January, Canada’s economy grew 0.6 per cent – the strongest monthly expansion since July 2013. This growth was driven by goods and services, and has contributed to predicted Q1 growth of over 3 per cent. Exports could also be a major driver of economic growth in the country this year.

Canada is actively building its global trade networks and the UK is Canada’s second biggest trading partner. Canada has a high demand for machinery and durable consumer goods, which is good news for British companies that can fulfil these requirements. You can find businesses that are currently looking to purchase by searching ‘Canada’ through the UKTI’s Exporting is GREAT page.

Vancouver, Canada

British growth
UK GDP growth beats expectations

Official figures from the Office for National Statistics (ONS) show that UK GDP grew 2.1 per cent year-on-year in Q4 2015. This is an increase on the previous estimate of 1.9 per cent. Quarterly growth was 0.6 per cent, compared to a forecast of 0.5 per cent.

In the 2016 Budget, George Osborne shared a reduced GDP forecast from the Office for Budget Responsibility (OBR) of 2.0 per cent growth in 2016.

The UK is the world’s most broadly connected country, and international demand for British products is high. Trading internationally can help both Britain and British businesses to grow.


Thursday 07 April 2016

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