JPMorgan expects smaller contraction in UK economy in 2023
© Reuters. FILE PHOTO: A JPMorgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photo/File Photo NG -2.47% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close (Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed by a recent drop in natural gas prices.
The UK government is likely to pull back plans to raise household energy bills to 3,000 pounds ($3,710.70) in April, which should help bring down inflation faster than expected, J.P.Morgan economists wrote in a research note on Thursday.
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