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6th Feb 2024 18:55U.K., Daily Monitor

  • We think GDP dropped by 0.3% month-to-month in December, contributing to a 0.1% quarter-to-quarter fall.
  • Stormy weather likely disrupted construction output; strikes weighed on output in the health sector.
  • News of a mild recession, however, won’t take the MPC’s attention away from the risk of ingrained high inflation.

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Keywords for: 8 February 2024 UK Monitor

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