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The UK economy is currently experiencing a v-shaped recovery, that should be reinforced by a surge in consumer spending when pubs and restaurants open up on July 04, says the Bank of England's Chief Economist Andy Haldane.
June 30,2020
Britain's road to recovery may have grown longer on Tuesday and the bill for the damage done by the coronavirus larger after the Office for National Statistics (ONS) revised its estimate of first-quarter GDP lower, citing a larger than expected fall in household spending.
June 30,2020
American consumer spending rose from reduced levels in May but the recovery was weaker than economists had hoped for and incomes fell after so-called stimulus cheques shrank last month.
June 26,2020
The UK economy appears to have reached a nadir in June, according to flash PMI data released on Tuesday that came in well ahead of analyst expectations.
June 23,2020
The UK's debt at the end of May 2020 was 100.9% of gross domestic product (GDP), the first time that debt as a percentage of GDP has exceeded 100% since the financial year ending March 1963, says the ONS.
June 19,2020
Retail sales grew 12.0% month-on-month in May reports the ONS, a strong recovery on the previous month's slump of -18% and ahead of consensus estimates for a figure of 5.7% to be announced.
June 19,2020
The UK's rate of inflation has fallen to its lowest level since 2016 thanks largely to the global slump in oil prices, but a recovery in oil and an exit from lockdown should mean that the economy should see prices start to pick up once more.
June 17,2020
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