Pantheon Macroeconomics

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31st Mar 2022 18:00U.K., Daily Monitor

  • GDP has returned to its pre-recession level faster than after the four previous downturns...
  • ...But this strength reflects high government spending; "private-sector" GDP was nearly 3% below its peak.
  • Sub-par growth in households’ financial wealth adds to the list of reasons to expect little dis-saving ahead.

brexit business confidence business investment cpi cpi inflation credit deposits exports government household spending January labour labour market mpc ONS pension q1 q3 q4 q4 gdp real household spending recession savings stock-building

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Keywords for: Don't Mistake the Swift Recovery in GDP for Private Sector Strength

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