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Goldman Sachs raises UK's 2025 and 2026 growth forecast

Reuters
FILE PHOTO: People walk along a residential street with the financial district in the distance in South London

(Reuters) - Goldman Sachs raised United Kingdom's 2025 and 2026 economic growth forecasts on Friday by 0.1 percentage point respectively, citing a modest boost to demand growth in the near-term.

"Firmer demand is likely to result in marginally higher wage growth and inflation, but the magnitudes involved suggest that the implications for the BoE are likely to be limited," Goldman Sachs strategists led by Sven Jari Stehn said in a note.

(Reporting by Kanchana Chakravarty in Bengaluru; Editing by Nivedita Bhattacharjee)