Pantheon Macroeconomics

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30th Aug 2022 15:10U.K., Daily Monitor

  • Households continued to save less and borrow more in July, in order to maintain consumption.
  • Looking ahead, though, people lack the fire-power to withstand future income shocks.
  • We now think a winter recession will be avoided only if the government beefs up financial support massively.

consumer credit cpi cpi inflation credit credit conditions credit data deposits energy government interest rates July loans May money and credit data mortgage q2 q3 recession savings unemployment unemployment rate winter

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Keywords for: 31 Aug 2022 UK Monitor

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