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.
Data released by the Office for National Statistics (ONS) showed the UK inflation rate fell by more than expected in June, leading analysts to predict that interest rates are now likely to rise less sharply than previously feared.
In our economic review this month we begin by looking at the lowering inflation data, and the predictions for the rest of the year in relation to both inflation and interest rates. We then look at the IMF’s global growth forecast which although still sluggish is more positive than previously anticipated. Our markets section this month continues in an upward trend for most markets. We then look at positive news regarding the UK governments budget deficit. Finally we have good news regarding retail sales in the UK as a result of hotter weather.
Our update this month includes the following headlines:
- UK inflation rate declines
- IMF upgrades economic growth forecast
- Budget deficit declines in June
- Hot weather sparks retail sales rise
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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.