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14th May 2025 09:10UKDaily Monitor

  • UK GDP was surprisingly strong again in March; the economy was ticking over fine ahead of the trade war.
  • We think the MPC is far too pessimistic in pegging underlying growth at 0.0% in Q1.
  • We raise our forecasts for GDP growth in 2025 and 2026, but risks remain tilted to the downside.

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Keywords for: 16 May 2025 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence