Pantheon Macroeconomics

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5th Aug 2022 15:16U.K., Daily Monitor, Weekly Monitor

We think that GDP dropped by 1.6% month-to-month in June, almost entirely due to the extra public holiday.

GDP fell by 2.2% in 2002 and 1.7% in 2012; changes in the economy's composition since then won't help much.

Our forecast implies GDP fell by 0.3% q/q in Q2, but this probably won't mark the start of a recession.

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Keywords for: 8 Aug 2022 UK Monitor

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