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11th Nov 2021 18:00U.K., Daily Monitor

  • U.K. GDP was 2.1% below its Q4 2019 level in Q3, exceeding the shortfalls seen in other G7 counties.
  • Households have continued to spend more cautiously than those abroad; high virus levels are partly to blame.
  • Brexit also has contributed to the continued underper- formance; exports were 17% below their 2019 average.

capex committee consumption disposable income economists economy energy energy output exports forecast g7 gdp gdp data gdp growth global goods government growth health households income inflation investment it italy japan labour labour market manufacturers manufacturing manufacturing output market markets mpc output policy rates real incomes sector sentiment services surveys u.s.

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