Morgan Stanley Downgrades UK Growth

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Morgan Stanley has downgraded its view of UK economic growth in 2025, expecting the Bank of England to cut interest rates five times during the period. “We revise down our UK GDP growth projection for 2025 from 1.4%Y to 0.9%Y (vs. 1.3%Y consensus), taking on board our tracking of a flat 4Q24, and downgrading 1H25 growth, given recent survey evidence,” analysts at Morgan Stanley said, in a note dated Jan. 2

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