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mpc: 14 It remained difficult to identify the demand counterparts to the easing of output growth in Q3. Weak export growth was a possibility, perhaps affected by the appreciation of sterling in the first half of the year, although the more recent depreciation of sterling was likely to boost the contribution to growth from net trade in the future. Government spending might also have risen more slowly than expected in Q3 but the government's demand for resources was likely to continue increasing rapidly in the future.