Trade Winds Shift: Economic Signals from Both Sides of the Atlantic

Published by NatWest Chief Economist Group, this report offers timely insights into how recent tariff developments are influencing growth dynamics in the UK, US, and Eurozone.

Key takeaways:

• UK Q1 GDP rose 0.7%, boosted by pre-tariff export activity; business investment surged but consumer spending softened.

• Productivity grew 0.5% in Q1, breaking a negative streak, while unemployment ticked up to 4.5% as labour market conditions weakened.

• US inflation eased to 2.3% in April, though housing and medical costs remain persistent.

Stay ahead of macro shifts—read the full commentary for a deeper look into evolving trade dynamics and their investment implications.