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Podcast: Beyond Currency
Episode: 24 August 2023 - Is output data a warning sign of lower growth?
Description: The Bank of England, in common with other global Central Banks, looks at trends in the economy and tends to consider “outliers” as just that, issues that are due to a specific event or issue.
Examples of this are the boost to GDP likely to happen due to the England women’s football team reaching the World Cup final, or the opposite effect of the additional Bank Holiday that was granted to the country to celebrate the King’s Coronation.
Yesterday's release of preliminary output data for this month so far is likely to be treated similarly, but it is importan...