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UK Economy: Inflation Forecast To Plunge To 13-month Low
Economists at Lloyds Bank suggest a rather mixed picture for the UK economy, emphasising the potential drop in UK inflation due to factors such as energy costs, and expressing concern over wage-related inflation risks. Despite the recent unemployment increase, persistent strength in wage growth and an active labour market fuel these concerns. Additionally, the Lloyds team is keenly observing potential signs of resilience in the UK economy, including possible Q2 growth indicated by UK PMI and retail sales. UK Inflation and Exchange Rate Forecast The analysts highlight that, despite a decrease in energy and goods costs ... (full story)