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Are we in the calm before the economic storm?

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20.05.2026

Wednesday 20 May 2026 5:05 am  |  Updated:  Tuesday 19 May 2026 5:18 pm

Are we in the calm before the economic storm?

By: Christian May

Editor-in-Chief

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The Houses of Parliament surrounded in mist last month. David Hughes/PA Wire

There is a palpable sense of being in the calm before the storm. Thanks to the backward-looking nature of most economic data releases, we’re being fed glimpses of the gathering gloom.

The latest GDP growth data from the ONS covered Q1 and came in at a respectable 0.6 per cent. However, it has been widely noted that a strong start to the year is a familiar pattern, accentuated at the........

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