Pantheon Macroeconomics

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  • A surge in retail sales growth in January points to upside risk to GDP growth in Q1.
  • The PMI suggests that business sentiment is also improving as policy uncertainty wanes.
  • But the dismal weather so far this year means we hold fire on raising our Q1 growth forecast from 0.3%. 

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Keywords for: 25 February 2026 UK Monitor

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