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24th Jul 2025 17:51UKWeekly Monitor

  • We reiterate our Q2 GDP growth call of 0.2% quarter-to-quarter after retail sales improved in June.
  • Over-50s’ confidence disconnected from spending, possibly as political views drive sentiment more.
  • Under-50s are optimistic, consistent with retail volumes growing by 2% year-over-year.

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Keywords for: 28 July 2025 UK Monitor

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