Pantheon Macroeconomics

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12th May 2023 15:00U.K., Weekly Monitor

  • GDP edged up in Q1 because households saved less and investment surged before the end of a tax break.
  • The drop in March GDP wasn’t just due to strikes and bad weather; the weakness was relatively broad based.
  • Construction output likely fell sharply in April, ensuring that GDP was broadly unchanged again in Q2.

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Keywords for: 15 May 2023 UK Monitor

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