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JPMorgan expects smaller contraction in UK economic system in 2023

JPMorgan expects smaller contraction in UK economic system in 2023
© Reuters. FILE PHOTO: A JPMorgan build is seen in Fresh York Metropolis, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photo/File Photo

(Reuters) – J.P.Morgan acknowledged the UK economic system became anticipated to contract by 0.1% this year, revising it from the previously forecast 0.3% decline within the execrable domestic product (GDP), buoyed by a recent drop in prices.

The UK authorities is at possibility of pull abet plans to web family energy bills to some,000 pounds ($3,710.70) in April, which have to soundless support bring down inflation sooner than anticipated, J.P.Morgan economists wrote in a study show veil on Thursday.

($1 = 0.8085 pounds)

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