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29th Feb 2024 19:28UK, Weekly Monitor

  • We remain optimistic about GDP this year, expecting quarter-to-quarter growth to average 0.3%.
  • Energy-price falls will lower inflation below 2% in Q2, supporting the real wage outlook.
  • We expect the MPC to lower rates by 75bp in 2024, but sticky services inflation could delay the first cut.

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Keywords for: 4 March 2024 UK Monitor Services Burgeoning real wage growth to keep retail rebound going

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