This site uses cookies

To give you the best possible experience, the GAM website uses cookies. You can read full information of our cookie use here. Your privacy is important to us and we encourage you to read our privacy policy here.

OK
False 0d8c2fb7-28b2-4b39-a5d3-61233998010b

UK growth slows again

Friday, October 09, 2020

The pace of the growth bounce back in the UK slowed again in August, as measured through the monthly GDP print released on 9 October. August growth of 2.1% compares to the previous month growth of 6.4%. It is to be expected that growth would slow marginally, but not by this much. The UK had the largest fall in GDP in the second quarter among its European peers and it feels now it is having a slower recovery in what should have been a better showing as social restrictions were probably at their lowest in August. As local lockdowns continue to be enforced, this will have to weigh on any further growth so the outlook no doubt is for continued stimulus efforts from the Bank of England.
Important legal information
The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is no indicator for the current or future development.