Pantheon Macroeconomics

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5th Apr 2023 15:16U.K., Daily Monitor

  • We doubt the recovery in capex will get back on track, despite the pick-up in corporate confidence...
  • ...Firms are choosing to repay vast sums of external finance instead, due to the surge in interest rates.
  • The full expensing announcement has come too late to prevent capex falling in Q2 after super-deductions end.

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Keywords for: 6 Apr 2023 UK Monitor

business investment, capex, economic growth, finance, growth, q2, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence