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 economy unexpectedly grew in November easing fears that the UK has already slipped into recession.
In our economic update this month we begin by looking at UK data which although mixed, has beaten expectations. We then look at figures indicating that inflation is falling rapidly. Our monthly market update has positive news around with all indices up on last month. We also uncover information which indicates pay growth is up but not keeping pace with inflation. Finally retail sales were down in December with data indicating a tough year in this area.
Our update this month includes the following headlines:
- UK growth beats expectations
- Inflation expected to fall rapidly
- Pay growth picks up pace
- Retail sales suffer December decline
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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.