Pantheon Macroeconomics

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5th Jan 2023 15:22U.K., Daily Monitor

  • The latest PMI data indicate that GDP fell again in Q4, and will decline at a faster rate in Q1.
  • Firms are now reducing employment and slowing price rises; the MPC can hike for the last time in February.
  • Detailed spending data show energy consumption was cut to the bone by Q2, so retail sales bore the brunt in Q3.

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Keywords for: 6 Jan 2023 UK Monitor

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