Economic and Strategy Viewpoint
In their latest forecast update, our economists downgrade their projections for global growth due to the recent escalation in the US-China trade war.
Disappointing GDP data shows the UK economy contracted in the second quarter and raises the risk of the country entering a technical recession.
Second quarter GDP growth shows improved domestic demand but further easing measures from the central bank look likely.
The latest employment figures are strong, but escalation in the US-China trade dispute increases the prospect of another interest rate cut in September.