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Economic Update - Developments in the UK Economy (Feb 2023)

Geoff Riley

8th February 2023

In the latest of our regular updates on the UK, we bring you up to speed to what is happening with growth, inflation, jobs and interest rates. The Bank of England is now forecasting a shallower recession based largely on hopes that world energy prices will fall as we head into 2023. But, as always with macroeconomics, plenty of uncertainty persists.

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