22 July 2024
UK Macroeconomic Snapshot - A delicate balancing act
The UK economy continues to navigate a complex and uncertain period. While GDP saw a modest expansion of 0.4% in May, following flat growth in April, underlying trends reveal a mixed economic outlook. Inflation has eased significantly, returning to the Bank of England's (BoE) 2% target for the second month in a row since May 2024. However, inflationary pressures, particularly within the services sector, remain a concern.
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