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2nd Jan 2024 21:19UK, Daily Monitor

  • Business investment as a share of GDP still was in line with its 2015-to-19 average, despite falling in Q3.
  • We think it will fall further in the first half of the year, as firms continue to grapple with high borrow ng costs...
  • ...But strong balance sheets and recovering sentiment should prevent a sharp decline.

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Keywords for: 4 January 2024 UK Monitor

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