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George Pearkes
peark.es
did:plc:pnx2fjuannbdpy3337ggthpp
Agree with this. There’s a lot of downside to the 2023-2024 growth pace. Mechanically via lower immigration is a big part of it. But expectations can only carry that downside so far, so it’s talking about slow growth rather than a recession barring accelerating macro shocks from here.
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2025-03-15T13:34:56.852Z