Pantheon Macroeconomics

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30th Mar 2022 18:00U.K., Daily Monitor

  • Most economists have overlooked the big drag on GDP growth ahead from falling Covid-related expenditure...
  • ...As well as the hit to output in June from the extra public holiday to celebrate the Queen's Diamond Jubilee.
  • We look for a 0.3% q/q decline in Q2 GDP, but a recession isn't likely; all the headwinds will ease in Q3.

covid-19 gdp growth government healthcare January June May mpc nhs q1 q2 q2 gdp savings services sector us

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Keywords for: Why are we the Only Forecasters Expecting GDP to Fall in Q2?

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