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30th Jun 2022 14:49U.K., Daily Monitor

The first quarter’s rise in GDP has brittle foundations; households have had to retrench in Q2.

The support to GDP growth from restocking will fade; firms now have enough inventory to meet demand.

A recession, however, isn’t likely; households’ real dis- posable incomes will rise in Q3, and capex will recover.

business confidence capex cbi construction construction pmi core cpi cpi disposable income electricity energy gas prices gdp growth government labour labour market manufacturers mortgage mpc national accounts pmi q1 q3 q4 restocking savings stockbuilding surveys transportation

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Keywords for: Most of Q1's Increase in GDP Likely was Reversed in Q2

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