• Business
  • Life
  • Celebrity
  • Sport
  • Blog
  • Auto
  • Tech
Stories from SWNS
Advertisement
  • Home
  • News
    The Führer’s Prophecy by Brian Klein 

    The Führer’s Prophecy by Brian Klein 

    How to find safe non-gamstop casino games

    How to find safe non-gamstop casino games

    Conservation zoos ‘have powerful potential to reverse extinction’

    Conservation zoos ‘have powerful potential to reverse extinction’

    Royal Navy aviators raising cash to rescue stray puppy

    Royal Navy aviators raising cash to rescue stray puppy

    “I got a new haircut – now I look exactly like Frodo Baggins from Lord of the Rings”

    “I got a new haircut – now I look exactly like Frodo Baggins from Lord of the Rings”

    £6.8billion turtle-shaped floating city unveiled

    £6.8billion turtle-shaped floating city unveiled

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Life
    • Celebrity
  • Tech
    Why Is Cloud Storage Migration Best Left To Professionals?

    Why Is Cloud Storage Migration Best Left To Professionals?

    How Tech Is Empowering Small Businesses And The Economy 

    How Tech Is Empowering Small Businesses And The Economy 

    The Technology Behind Forex Trading – And its Wider Impact

    The Technology Behind Forex Trading – And its Wider Impact

    Must-Have iPad Accessories At PITAKA Black Friday Sale Event

    Must-Have iPad Accessories At PITAKA Black Friday Sale Event

    How To Select The Best Lead Generation Software For Your Business: Our Top Tips

    How To Select The Best Lead Generation Software For Your Business: Our Top Tips

    Best Technologies in the Gambling Industry That Are Worth Your Attention

    Best Technologies in the Gambling Industry That Are Worth Your Attention

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
  • Home
  • News
    The Führer’s Prophecy by Brian Klein 

    The Führer’s Prophecy by Brian Klein 

    How to find safe non-gamstop casino games

    How to find safe non-gamstop casino games

    Conservation zoos ‘have powerful potential to reverse extinction’

    Conservation zoos ‘have powerful potential to reverse extinction’

    Royal Navy aviators raising cash to rescue stray puppy

    Royal Navy aviators raising cash to rescue stray puppy

    “I got a new haircut – now I look exactly like Frodo Baggins from Lord of the Rings”

    “I got a new haircut – now I look exactly like Frodo Baggins from Lord of the Rings”

    £6.8billion turtle-shaped floating city unveiled

    £6.8billion turtle-shaped floating city unveiled

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Life
    • Celebrity
  • Tech
    Why Is Cloud Storage Migration Best Left To Professionals?

    Why Is Cloud Storage Migration Best Left To Professionals?

    How Tech Is Empowering Small Businesses And The Economy 

    How Tech Is Empowering Small Businesses And The Economy 

    The Technology Behind Forex Trading – And its Wider Impact

    The Technology Behind Forex Trading – And its Wider Impact

    Must-Have iPad Accessories At PITAKA Black Friday Sale Event

    Must-Have iPad Accessories At PITAKA Black Friday Sale Event

    How To Select The Best Lead Generation Software For Your Business: Our Top Tips

    How To Select The Best Lead Generation Software For Your Business: Our Top Tips

    Best Technologies in the Gambling Industry That Are Worth Your Attention

    Best Technologies in the Gambling Industry That Are Worth Your Attention

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
Stories from SWNS
No Result
View All Result
Home Business

Economy is Impossible to Forecast Says Model Boss Mike Illes

by
November 13, 2015
in Business
0
Economy is Impossible to Forecast Says Model Boss Mike Illes
0
SHARES
41
VIEWS
Share on FacebookShare on Twitter

Campaign Ibiza, white and luxury classic

A model agency boss, Mike Illes from London-based MOT Models, who to date has been very successful in predicting economic growth and decline, admits that today’s economy is highly erratic and virtually impossible to forecast.

This finding is announced on the day that the Office for National Statistics (ONS) said that UK Gross domestic product grew by just 0.5% between July and September, down from 0.7% in the second quarter (http://www.ons.gov.uk/ons/rel/gva/gross-domestic-product–preliminary-estimate/q3-2015/stb-gdp-preliminary-estimate.html)

“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.”

MOT Models is a leading London model agency which provides excellent models to top photographers, advertisers, designers and production companies.

One of the oldest established agencies in the UK, MOT Models is constantly at the forefront of the modelling industry, bringing about innovation and setting the highest ethical standards.

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.

It is MOT Models’ unique industry position and client base that makes accurate estimates possible.

The agency has a large, broad spread of clients, which serves to iron out any eccentricities exerted by one particular sector.

The agency serves many advertising firms, which are strong indicators of the economy as they are the first step in running an advert.

When there are mini booms or dips, the advertising sector is always the first to falter and the first to recover.

Mike said, “In the first quarter of 2015, MOT was in a buoyant mood.

Enquiries, castings and bookings were up on the two previous years, both in terms of quantity and value.

“In the second quarter the number of bookings held up – almost identical to that quarter in 2013 and 2014 – but the value of bookings fell.

“This meant that Q2 was 5% and 15% down on 2013 and 2014 respectively, and this is a clear sign of a downturn. I think that this loss of confidence was due to the uncertainty surrounding the general election.

“In Q3, we recorded poor July and August figures but September proved to be the sixth biggest month in the agency’s history.

“October started poorly, but picked up considerably. There is a huge element of the erratic in our line of business, and there is often no obvious explanation for bumper months such as our September performance.

“It is obvious that overseas economies are having a significant effect on the UK’s economy with, for example, the Chinese economy growing at the slowest level since before the financial crisis.

“Uncertainty surrounding Europe will also affect growth prospects. My other concern is that much of the growth has been generated solely by financial institutions and that these may slow down.”

Mike Illes’ company, MOT Models, is a leading London and Berkhamsted-based model agency, providing commercial models to top photographers, advertisers, designers and production companies. Many of the agency’s models can be seen in worldwide advertising and commercial campaigns.

www.motmodel.com For further information please contact Tina Fotherby on 07703 409 622 or tina@famouspublicity.com or George Murdoch on 07834 643 977 or george@famouspublicity.com.

 

Previous Post

Mum’s fury as daughter who suffered years of bullying over her size is left in tears after being given part of Augustus Gloop in school play

Next Post

CCMS Launch Contactcentrelocator.com

Next Post

CCMS Launch Contactcentrelocator.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 122 Followers
  • 60k Followers
  • 190k Subscribers
  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Women love cheesy chat up lines, a study has revealed

Top 20 cheesy chat-up lines ladies really love

March 5, 2014
The top ten most well-known bingo phrases

The top ten most well-known bingo phrases

January 21, 2014
The horses thunder towards a jump at the Grand National

Amazing racehorse names which never made it

April 23, 2014
HGH Injections Brands: Which Ones Are Best?

HGH Injections Brands: Which Ones Are Best?

January 14, 2019
Chris Fear, 33, outside the Coral betting shop which is refusing to pay out on his 485/1 winning bet

Boycott Coral! Bookmaker faces protest after refusing to pay out on a football fan’s 485/1 bet

184
Women love cheesy chat up lines, a study has revealed

Top 20 cheesy chat-up lines ladies really love

147
Women feel invisible to the opposite sex at the age of 51, researchers found

Women begin feeling invisible to men ‘when they turn 51’

138
UKIP candidate claims Jews murdered each other in the Holocaust in masterplan to create State of Israel

UKIP candidate claims Jews murdered each other in the Holocaust in masterplan to create State of Israel

105
Why are UK mortgage approvals at an all-time low?

Why are UK mortgage approvals at an all-time low?

March 28, 2023
Mobile gaming vs PC gaming: Which is better for playing casino games?

Mobile gaming vs PC gaming: Which is better for playing casino games?

March 19, 2023
The Führer’s Prophecy by Brian Klein 

The Führer’s Prophecy by Brian Klein 

March 16, 2023
6 Benefits of Customs Clearance Services

6 Benefits of Customs Clearance Services

March 10, 2023

Recent News

Why are UK mortgage approvals at an all-time low?

Why are UK mortgage approvals at an all-time low?

March 28, 2023
Mobile gaming vs PC gaming: Which is better for playing casino games?

Mobile gaming vs PC gaming: Which is better for playing casino games?

March 19, 2023
The Führer’s Prophecy by Brian Klein 

The Führer’s Prophecy by Brian Klein 

March 16, 2023
6 Benefits of Customs Clearance Services

6 Benefits of Customs Clearance Services

March 10, 2023
SWNS

SWNS all rights reserved. Copyright 2020

Follow Us

Browse by Category

  • Auto
  • Blog
  • Business
  • Celebrity
  • Gaming
  • Life
  • Lifestyle
  • News
  • Pictures
  • Property
  • Review
  • Sport
  • SWNS
  • Tech
  • Travel
  • Uncategorized

Recent News

Why are UK mortgage approvals at an all-time low?

Why are UK mortgage approvals at an all-time low?

March 28, 2023
Mobile gaming vs PC gaming: Which is better for playing casino games?

Mobile gaming vs PC gaming: Which is better for playing casino games?

March 19, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Real Fix is a trading style of South West News Service Limited.
Copyright © 2020 South West News Service Limited.

No Result
View All Result
  • Business
  • Life
  • Celebrity
  • Sport
  • Blog
  • Auto
  • Tech

Real Fix is a trading style of South West News Service Limited.
Copyright © 2020 South West News Service Limited.