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4th Jan 2022 08:37U.K., Daily Monitor

  • Consumer caution in response to Omicron points to a near-1% fall in GDP between November and January.
  • Surging energy prices have forced us to revise up our forecast for this year's peak rate of CPI inflation to 6.0%.
  • The MPC, however, likely will wait until March to hike rates again, given the large hit to activity from Omicron

accommodation activity bank bank rate businesses construction control covid-19 cpi cpi inflation economic activity electricity energy energy prices forecast forecasts gdp government health inflation it labour markets members mpc natural gas nhs Ofgem output pmi pmi data prices rates raw materials recreation sector services services sector supply transport us yougov

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Keywords for: 4 Jan 2022 Forecast Review: Q1 GDP to be no Higher than in Q4, due to Omicron

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