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UK Q2 2022 Outlook: Our forecasts envisage inflation being higher, GDP growth being lower and interest rates rising further than investors and other analysts expect. Read more here: capitaleconomics.com/publications/u…
Capital Economics UK
@CapEconUK
Insights and research on the UK economy from Capital Economics. Subscribe: bit.ly/1EuCc7Q Follow our other accounts: bit.ly/1FTgAcK
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It’s too soon to conclude that the weak tone of this week’s news on activity means that inflation won’t become more persistent. Our proprietary measure of underlying/persistent CPI inflation rose to a new record high in May. Read more here: capitaleconomics.com/publications/u…
The fact that the composite PMI didn’t fall in June means the economy could be holding up a little better than we and the Bank of England had feared. Beneath the headline numbers, the survey also suggests strong inflationary pressures have not gone away. capitaleconomics.com/publications/u…
The larger-than-expected rise in public borrowing in May is an early blow for the government on a day when it is expected to lose two by-elections. Read more here: capitaleconomics.com/publications/u…
The further rise in CPI inflation to a new 40-year high of 9.1% in May won’t prevent the Bank of England from raising interest rates further, but it may encourage it to opt again for a 25 basis point rate hike at its next meeting in August. capitaleconomics.com/publications/u…
