Report
Philip Rush
EUR 59.05 For Business Accounts Only

UK: GDP recovery lags and languishes in Jul-20

- UK GDP grew by 6.6% m-o-m in July, broadly matching the Consensus expectation. Nonetheless, activity is still 11.8% below February levels, with only 54% of the decline recovered. That is worrying when most sectors had reopened by then.
- Retail reopened relatively early, so GDP’s recovery is naturally lagging by about a month. However, it is also languishing, with the lagged ratio of growth rates slowing from 0.7 to 0.47. Slowing so soon is disappointing for the demand outlook.
Provider
Heteronomics
Heteronomics

Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.

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Philip Rush

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