Pantheon Macroeconomics

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11th Nov 2022 15:17U.K., Weekly Monitor

  • The U.K. is the only G7 country in which GDP fell in Q3
    and has never recovered to its pre-Covid peak.
  • Households’ real spending will keep falling until the end of 2023, as fiscal and monetary headwinds intensify.
  • Higher interest rates will weigh on business investment and trigger a sharp downturn in residential investment.

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Keywords for: 14 Nov 2022 UK Monitor

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