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28th Nov 2024 09:36UKWeekly Monitor

  • We trim our Q4 growth forecast to 0.3% quarter-to-quarter, after weak GDP and the fall in the PMI.
  • Unemployment is likely trending up gradually and wage growth is slowing.
  • But services inflation and wage growth remain too strong, so the MPC will cut only gradually.

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Keywords for: 2 December 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence