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UK economy shows signs of ‘renewed momentum’, KPMG says

According to the latest Global Economic Outlook, consumer confidence is gradually recovering, consistent with continued tightness in the labour market and further falls in inflation

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Following a technical recession in the second half of 2023, the UK economy has shown “tentative signs of renewed momentum”, with growth of 0.5% expected this year, and 0.9% in 2025, according to the latest KPMG Global Economic Outlook.

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