The economic picture facing the Chancellor
IFS Zooms In: The Economy
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UK Economic Performance: Before and During the Pandemic
This chapter analyzes the economic performance of the UK compared to other countries before and during the pandemic, highlighting growth rates, GDP impact, and future projections. It discusses improvements, cautioning against one-off comparisons with other euro area countries, and expresses concerns about a potential recession. The chapter also explores the effects of interest rates, credit data, and household income on the UK economy.
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