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11th Apr 2022 18:00U.K., Daily Monitor

GDP rose by 0.1% m/m in February, despite a rebound in private sector activity, due to falling Covid spending.

Healthcare output will fall further, while the momentum in the private sector will slow as real incomes decline.

We look for a 0.4% quarter-on-quarter drop in GDP in Q2; the extra public holiday will add to these headwinds.

composite pmi construction covid-19 energy fiscal policy gdp growth January June manufacturing March May mpc pmi policy q2 q3 real incomes savings vat

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Keywords for: February's Weak GDP Growth Rate will Become the Norm

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