Pantheon Macroeconomics

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17th Apr 2024 17:41UKDaily Monitor

  • Brexit, demand uncertainty, staff shortages and high interest rates have held back business investment.
  • All of these drags should ease, with staff shortages falling and the MPC likely to cut rates this summer.
  • Firms’ investment intentions point to 1.5% year-over- year capex growth, an upside risk to our forecast.

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Keywords for: 19 April 2024 UK Monitor

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