This month’s headlines:
- UK GDP growth up slightly in Q2, boosted by stronger service sector output.
- Inflation slows in June, while the UK jobs market goes from strength to strength.
- IMF downgrades its UK growth forecast as latest BCC QES points to subdued economic activity.
The UK economy remains on track to grow by around 1.5% this year, which if realised would be the weakest rate of growth since 2012.
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