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UK economy set to slow in H2, KPMG warns

While the labour market is gradually returning to balance, the firm reported that household excess savings are broadly used up

The UK economy is expected to slow over the remainder of this year and into 2024, as GDP growth is forecasted at 0.4% in 2023 and 0.3% in 2024, according to KPMG’s latest UK economic outlook. 

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