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28th Sep 2023 19:24U.K., Weekly Monitor

  • The ONS now estimates real GDP in Q2 topped its Q4 2019 level by 1.8%, rather than undershot it by 0.2%.
  • A burst of growth in real household disposable income has sustained the recovery in the first half of 2023.
  • Households' spending will keep rising; higher interest rates will counter only some of the upturn in real wages.

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Keywords for: 2 October 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence