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UK economy contracts for second straight month, Daniel Lacalle notes

UK economy contracts for second straight month, Daniel Lacalle notes
UK economy sees shrink for second month

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, reports that the UK economy contracted for a second consecutive month in June, citing a private sector survey.

The data also indicates that companies are reducing their workforce, leading to more job cuts.

Lacalle recently noted that the U.S. dollar index climbed above 100 as global demand for American assets reached a new high. In a separate analysis, he argued that public spending is a key driver of inflation, while central banks focus on sovereign debt. These earlier statements have come alongside his ongoing commentary on economic pressures in advanced economies.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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