UK Economics

UK Economics Weekly

8 June, 2018

Stronger data keeps August hike on the cards

Economic growth of 0.4% or so in Q2 – as suggested by the latest business surveys – would normally be pretty respectable. But coming after Q1’s snow-related slowdown, it looks a little soft. What’s more, if growth has been boosted by some “catch-up” after the snow, then the economy might not carry even this lacklustre pace into the second half of 2018.

Nonetheless, there have been a number of developments over the past month that have indicated that the fundamental drivers of economic

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