UK Expands Slower Than Expected From Bank Holiday Slump

UK Expands Slower Than Expected From Bank Holiday Slump

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Interactive Video

Business

University

Hard

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The video discusses the UK's economic output changes, highlighting a 0.2% increase in July as a technical recovery from a 0.6% decline in June, affected by the Queen's Jubilee bank holiday. It also addresses the national mood following the Queen's passing and warns of a potential technical recession, as noted by Deutsche Bank and Nomura. Upcoming economic data, including jobs figures, inflation, and retail sales, are expected to show continued economic challenges, with Bloomberg predicting a 0.5% interest rate hike by the Bank of England in September.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What economic data is expected to be released this week?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does Bloomberg economics predict regarding the BOE in September?

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