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The Bank of England is being too pessimistic about the UK's growth potential in the coming years, according to Pantheon Macroeconomics.
The ONS released the second estimate of GDP growth for the fourth quarter of 2017 on Thursday.
The UK's unemployment rate increased from 4.3% to 4.4% over the most recent data period.
Leaked assessment of Brexit's likely impact on the British economy shows that Brexit will be a significant negative for the UK's overall GDP.
It was a good week for the UK economy. GDP grew faster than expected, the number of people employed rose to a record high, and the deficit fell.
The ONS released the first estimate of GDP growth for the fourth quarter of 2017 on Friday.
Earlier this week the IMF upgraded global growth forecasts to 3.9% this year, while at the same time cutting the UK's economic growth prospects to just 1.5%.
Average earnings increase by 2.4% excluding bonuses — remaining below inflation, but beating forecasts.
"Consumers continue to move Christmas purchases earlier with higher spending in November and lower spending in December than seen in previous years."
Real wages aren't going to rise as fast as many forecasters think describing ING's position as "a little more cautious than the Bank of England on wage growth."