Latest economic data confirms that the UK economy has recovered from a soft patch earlier in the year and is now growing at a pace that is at or slightly above potential.  According to new ONS statistics published this morning, the UK economy expanded by 0.4 per cent in the second quarter. The outturn was in line with the monthly GDP forecast that we published last month for the same period and is close to our estimate of potential growth rate. Building on the official data, our monthly GDP Tracker suggests that growth is set to nudge higher to 0.5 per cent in the third quarter.  Recent survey evidence ... (full story)