Pantheon Macroeconomics

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17th Jan 2022 00:00U.K., Daily Monitor

  • GDP surpassed its pre-Covid level in November, albeit with support from some unsustainable sources.
  • Omicron has temporarily set the economy back, but GDP should return to November's level by March.
  • Thereafter, however, GDP growth likely will be slow, due to the squeeze on households' disposable incomes.

activity business investment chinese conditions construction construction output covid-19 credit economy employment employment growth exports gdp gdp data gdp growth global government growth growth rate health healthcare inflation investment it manufacturing mpc output public administration remain rents retail sector sectors services spending supply surveys transport transportation

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Keywords for: The Recovery is Over; Now Comes the Hard Part

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