Pantheon Macroeconomics

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23rd May 2022 00:00U.K., Daily Monitor, Weekly Monitor

People are more likely to drain savings when they are glum due to inflation than when they fear redundancy.

April's recovery in retail sales suggests that households are prepared to defend their current real spending.

Recession risks likely will be further minimised by extra support from the government in the autumn.

business confidence capex consumer confidence consumer credit credit credit conditions energy energy prices gfk consumer confidence government March q1 q3 real incomes real spending recession retail sales savings wages

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Keywords for: Don't Infer Recession from the Record Low GfK Consumer Confidence Index

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