Swift recovery?

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Though there is no room for complacency, business activity looks healthy across most of the UK and inflation is expected to fall in the months ahead. When fresh inflation data arrives on Wednesday, though, it may be wise to focus more on producer than on consumer prices: to keep an eye on shipping cost pressures. And when GDP figures for the last quarter of 2023 land on Thursday, expect the ‘technical recession’ question to be in the media spotlight, probably without much clarity about the meaning of the phrase.

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