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Weekly Economic Perspectives

UK Economy Inches Closer to Recession

Chief Economist
Investment Strategist

The Economy

  • A downside surprise in US inflation.
  • UK GDP contracts marginally.
  • Eurozone industrial production bounces.
  • Japan’s PPI inflation moderates.
  • Aussie consumer confidence dips again.

Spotlight On Next Week

  • Modest increase expected in US retail sales.
  • UK unemployment rate likely steady.
  • Japan’s economy likely rebounded in Q2.

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