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The National Institute of Economic and Social Research projected stronger economic growth for the United Kingdom, the institute reported.
It cautioned, at the same time, that persistent inflation remains a significant challenge for the economy.
Both findings came from the same release, leaving the overall picture improved on one side and unresolved on the other. A higher growth projection NIESR revised its outlook for British economic activity upward.
The upgraded forecast reflected improved expectations for UK output, according to the organization. The direction of the revision was clear: the institute sees stronger growth ahead for the United Kingdom.
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