Pantheon Macroeconomics

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26th Apr 2023 14:19U.K., Daily Monitor

  • Manufacturing output has been declining for the past two years and looks set to stay subdued in 2023.
  • The recovery in households’ real goods expenditure will be underwhelming, and capex will dip.
  • The recession that we expect in the U.S. likely will offset any boost from China’s reopening.

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Keywords for: 27 Apr 2023 UK Monitor

capex, manufacturing, recession, u.s., uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence