Pantheon Macroeconomics
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13th Jul 2022 13:52U.K., Daily Monitor
May’s rise in GDP was driven by a surge in doctor appointments-
really-and a jump in manufacturing output.
Consumer services firms struggled and will remain under pressure as households’ real incomes fell further.
June’s extra bank holiday also will dampen Q2 GDP, we expect a quarter-on-quarter contraction of 0.3%.
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