Pantheon Macroeconomics

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28th Apr 2023 14:53U.K., Weekly Monitor

  • We no longer anticipate a mild recession, but expectGDP to fare worse in Q2 than business surveys imply.
  • The upside surprise from CPI inflation in April has sealed the deal on a further 25bp rate rise this month...
  • ...But the CPI inflation is set to plunge, and the U.S. Fed will ease in H2; 4.50% will be the peak for Bank Rate.

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Keywords for: 2 May 2023 UK Monitor

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