While April’s money and lending figures suggest the recent rebound in the housing market is cooling and households reined in their spending in April, there was further evidence that the drag on activity from higher interest rates is fading. With interest rate cuts starting in the summer and further falls in inflation, that lends support to our view the economic recovery this year will be stronger than most expect.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services