Both Germany and the UK escaped recession, figures last week showed. But both have reason to be concerned about their near-term outlook. UK election campaigning suggests either a (i) large or (ii) enormous dollop of government spending is coming. Germany could do with either.
The UK economy grew by a sprightly 0.6% in Q2. But with everything viewed through a pre/post-vote prism this counts as old news. Yet not every change will be due to ‘Brexit’, with signs the economy was cooling even in May. Continue reading
Every UK data release is being closely analysed in the post-Brexit world. But it’s still early days. It’ll be a good number of weeks, probably months, before we have a better handle on the impact of the result. Continue reading