Goldman Sachs has upgraded its growth forecast for the UK after the Labour Party’s victory in the country’s general election.
The investment bank said in a note released early Friday morning, local time, that it expected Labour’s fiscal policy agenda to provide a “modest boost to demand growth in the near term” and raised its gross domestic product forecasts for the U.K. by 0.1 percentage points in 2025 and 2026 to 1.6 per cent and 1.5 per cent respectively.
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Source Agencies
