Pantheon Macroeconomics

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10th Mar 2023 15:30U.K., Weekly Monitor

  • January’s rise in GDP was driven by rebounds in three sectors that were disrupted in December.
  • The level of GDP was 0.04% below its Q4 average; a shallow recession remains our base case.
  • Business surveys picked up in February, but they likely overstate GDP growth, given the public sector strikes.

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Keywords for: 13 Mar 2023 UK Monitor

gdp, public sector, q1, q4, recession, surveys, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence