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UBS On-Air: Paul Donovan Daily Audio 'Growth and guessing'
Published 3 months, 2 weeks ago
Description
The final guess at UK second quarter GDP led to some modest increases in growth—cementing the UK’s position as the fastest growing G7 economy year-to-date. Better investment figures led the upgrade. Consumers’ savings rate increased, suggesting consumers have resources to fund future spending (despite retailers’ attempts at profit-led inflation).