1 July 2022 Most of Q1's Increase in GDP Likely was Reversed in Q2
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.
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