deceleration

“Really, remarkably, there’s no deceleration at all in the year-on-year between October and September in our data.”

“While our data suggests the labor market has cooled over recent months, there was no sign of a further deceleration in October,” the Bank of America Institute said.

“It’s really a function of our growth expectations for our GLP-1 franchise in diabetes and obesity. And based on that runway, we expect continued deceleration into the fourth quarter.”

Management, like in 2024, indicated at least some of the growth deceleration would come from a more macroeconomic concern, not its own missteps.

The U.K. economy returned to slow growth in the latest August figures, albeit recording a sharp deceleration from the start of the year, ahead of U.S. tariffs on goods that crimped exports.