Pantheon Macroeconomics

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13th Jan 2023 16:00U.K., Weekly Monitor

  • November's marginal month-to-month increase in GDP means a recession likely has not begun just yet...
  • ...But GDP still is set to fall sharply in the first half of 2023, as fiscal support is withdrawn and firms consolidate.
  • The sharp decline in wholesale energy prices, however, points to a recovery in households' real incomes in Q3.

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Keywords for: 16 Jan 2023 UK Monitor

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