Wednesday, September 18, 2024
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Goldman Sachs has revised upward its economic growth forecasts for the United Kingdom in 2025 and 2026, each by 0.1 percentage point, attributing the adjustment to a modest increase in demand growth in the near future.

In a note led by strategist Sven Jari Stehn, Goldman Sachs highlighted expectations of firmer demand leading to slightly higher wage growth and inflation. However, the strategists emphasized that the scale of these changes suggests limited implications for the Bank of England (BoE).

The revision underscores optimism about the UK’s economic trajectory amid evolving global economic conditions, positioning the country for incremental growth in the coming years.

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