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14th Mar 2022 00:00U.K., Daily Monitor, Weekly Monitor

  • January's rebound should ensure GDP rises by nearly 1% q/q in Q1, far exceeding the MPC's expectations.
  • But Test & Trace and vaccination activities boosted GDP by 2% in January; this support soon will gone.
  • Q2 GDP also will be hit by the extra bank holiday and a sharp fall in real incomes; we look for a 0.2% q/q drop.

BoE construction covid-19 disposable income energy fuel gdp growth January mpc pmi q1 q2 q3 sales values savings services output services sector supply chain total sales weather

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Keywords for: GDP Likely to Dip in Q2, Despite Current Momentum

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