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Consumer Spending Growth At 40-year Low

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In the UK, the initial estimate for GDP showed growth of 0.4 per cent in the third quarter. There may be some modest downward revision on Friday because of continued weakness in manufacturing. The GDP breakdown is expected to show an improvement in investment but consumer spending remains weak and there is a sizeable drag from net trade. Nominal consumer spending growth is the lowest since 1967 and the Bank of England’s recent inflation report cited fuel costs and the slowdown in the property market as factors likely to inhibit recovery.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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