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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Revising growth (again)'

28 Mar 2024

Description

The latest guess at UK GDP in the fourth quarter left headline numbers unchanged, while the details shifted. Strike action undermined fourth quarter activity. The data will be revised for years to come, and history suggests it will be revised stronger. Things like productivity gains from flexible working and additional income streams from side hustles are harder to capture in early GDP guesses.

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