A rebound is already underway following the economic hit from Omicron, which today’s provisional Q1 GDP figures show was relatively mild. But, after an initial pick up in Q2, we expect the recovery to slow as headwinds to growth mount. That should see the central bank turn less hawkish later in the year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.