UBS On-Air: Paul Donovan Daily Audio 'The power of saving more, or less'

Rising UK and potential oil-driven income gains are likely to rebuild savings rather than accelerate consumer spending.

• UK GDP revised up: Second-quarter growth beat expectations as new measurement techniques revealed previously missed economic activity, a trend Donovan expects to recur.
• Rising savings, not spending: UK real disposable income growth is lifting the household savings rate rather than fueling faster consumption.

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