Pantheon Macroeconomics

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31st Mar 2023 15:17U.K., Weekly Monitor

  • We have revised up our forecast for GDP on the back of the Spring Budget and the end of public sector strikes...
  • ...But we still expect GDP to not rise until Q3, given the drags from higher interest rates and energy bills.
  • The MPC probably won’t need to hike again; inflation will fall sharply this year and the labour market will loosen.

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Keywords for: 3 Apr 2023 UK Monitor

budget, energy, gdp, inflation, interest rates, labour, labour market, mpc, public sector, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence