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2nd Jan 2025 12:09UKWeekly Monitor

  • We cut our Q4 growth forecast to 0.2% quarter-to-quarter, following a string of weak data.
  • The labour market remains tight, and wage growth is still running above target-consistent levels.
  • The MPC will proceed cautiously and cut three times in 2025: in February, May and November.

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Keywords for: 6 January 2025 UK Monitor

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