{"id":736810,"date":"2026-08-13T15:38:09","date_gmt":"2026-08-13T15:38:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/736810\/"},"modified":"2026-08-13T15:38:09","modified_gmt":"2026-08-13T15:38:09","slug":"united-kingdom-growth-risks-tilt-higher-deutsche-bank","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/736810\/","title":{"rendered":"United Kingdom: Growth risks tilt higher \u2013 Deutsche Bank"},"content":{"rendered":"

Deutsche Bank\u2019s Sanjay Raja notes that the UK economy remained strong over spring, with UK GDP rising 0.4% q\/q and annualised growth in the first half reaching 2%. He highlights stronger-than-expected household spending, business investment and stockpiling in Q2-26, but expects a slowdown as energy costs, pump<\/a> prices and budget uncertainty weigh on growth later in the year.<\/p>\n

Strong start, slower second half expected<\/p>\n

“The UK economy showed no signs of stopping over spring. After a thumping start to the year, UK GDP expanded by 0.4% q\/q, taking the annualised growth rate in the first half of the year to a scorching 2%. And for a second straight quarter, it looks like the UK will take top place in the G7 league table.”<\/p>\n

“Yet again, as we signalled in our preview, forecasters will be forced to revisit their forecasts with another marginal upgrade looking likely for the year (to 1.1%).”<\/p>\n

“Looking ahead, while the UK economy has been on a tear lately, some slowdown remains likely \u2013 reflecting recent patterns in GDP<\/a> data (i.e. a strong start, followed by a weaker more subdued second half). Indeed, the energy crisis will likely catch up with households and business in Q3-26, as dual fuel bills rise.”<\/p>\n

“Elevated pump prices will also continue to squeeze on real disposable incomes. Budget uncertainty, we think, could also dampen spending as we await PM Burnham\u2019s inaugural fiscal event.”<\/p>\n

“We continue to think that growth in the second half of the year will run closer to 0.1% q\/q. But for the first time in a while, we now see modest upside risks brewing.”<\/p>\n

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"Deutsche Bank\u2019s Sanjay Raja notes that the UK economy remained strong over spring, with UK GDP rising 0.4%…\n","protected":false},"author":2,"featured_media":275433,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[59,57,58,50,56,54,55],"class_list":["post-736810","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-gb","tag-great-britain","tag-greatbritain","tag-news","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/736810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=736810"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/736810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/275433"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=736810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=736810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=736810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}