Pantheon Macroeconomics

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5th Jun 2022 22:20U.K., Daily Monitor, Weekly Monitor

The additional fiscal support means we expect a smaller 1.5% fall in real incomes in 2022, compared to 2.5%.

We have revised up our forecast for GDP in Q3 and Q4 as a result; but a recession still cannot be ruled out.

We now expect Bank Rate to top out at 1.50% this year, but we still think markets' expectations are wild.

core cpi core cpi inflation core inflation cpi cpi inflation employment energy government government spending headline rate inflation report June May mpc nominal gdp oil pmi producer prices q3 q4 real gdp real incomes recession September us wages

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Keywords for: Forecast Review: Two More Bank Rate Hikes in 2022?

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