UK Q3 ultimate GDP +zero.zero% vs +zero.1% q/q prelim
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- Prior +zero.5%; revised to +zero.four%
- GDP +zero.9% vs +1.zero% y/y prelim
- Prior +zero.7%
The detrimental revision implies that the UK financial system stagnated in Q3, with financial circumstances stuttering within the second half of the 12 months. The stress is beginning to construct for the BOE, at the same time as worth pressures have not fairly come down as shortly as they’re hoping for.
This text was written by Justin Low at www.ubaidahsan.com.
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