"Three months ago I was confidently predicting that the UK economy would grow at an annualised rate of around 2% by the end of the year, but now I honestly don't know. The economy is currently impossible to forecast accurately. What's clear for us is that the peaks are higher and the troughs deeper than in the past. However, this great uncertainty hints at an overall downward trend in GDP growth, which is of concern to anyone in business who wants economic prosperity."
Director Mike Illes has been using his company's bookings activity to extrapolate the state of the UK economy since 1999. He has enjoyed such success that he now considers MOT Models as a bellwether for the economy as a whole.
By studying the number of enquiries, the type of enquiry and the castings and bookings, it has repeatedly proved possible to give an accurate picture of how the UK economy is performing and how it will perform in the near future. For example, Mike predicted the slow-down at the end of 2014, (http://bloom.bg/1Rcq0Bp) which came as a surprise to many other economic commentators.