Our monthly Economic Review is intended to provide background to recent developments in investment markets. The bulletin also gives an indication of how some key issues could impact in the future.
The latest gross domestic product (GDP) statistics show the UK economy grew unexpectedly in May although forward-looking indicators still point to a deteriorating outlook.
In our economic update this month we look at the reasons why the economy expanded, expected pressure on households in the coming months and a weaker growth. Our markets shows some rebound from a poor first half of 2022. Finally we give an overview of the latest Office for National Statistics (ONS) figures which indicate that global growth will slow on previous years with the UK being particularly hard hit.
Our update this month includes the following headlines:
- UK Economy expands in May
- Inflation at 40-year high
- Real pay in record fall
- Government debt costs soar
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It is important to take professional advice before making any decision relating to your personal finances. Information within this newsletter is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.