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The UK economy is predicted to avoid a technical recession and a calendar year contraction in 2023, with an anticipated growth of 0.2%, according to the EY ITEM Club Spring Forecast. The improvement is attributed to better-than-expected GDP in Q4 2022 and the expected rapid easing of inflationary pr

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In February, the UK experienced flat GDP growth, which fell short of expectations for an increase, however, January's GDP was revised upward, aligning February's output with predictions. Industrial action in the public sector negatively affected February's activity, while construction output rebound

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