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  "documentTitle": "eyp global economic outlook jan 2024",
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  "authorName": "EY Parthenon",
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      "text": "UK: Economic activity remains subdued in the UK, with real GDP likely to stagnate in Q4 2023, after a contraction in Q3... the Bank of England cutting rates by 100bps or more starting in the early summer will likely favor an economic rebound through 2024.",
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      "text": "Canada: The Canadian economy is expected to experience a continued slowdown through mid-2024... We see GDP growth around 0.4% in 2024, after a likely 1.0% expansion in 2023.",
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      "text": "US: The odds of the US economy entering a recession in the next 12 months are higher than usual, around 40%... we foresee real GDP growing a moderate 1.8% in 2024 following expected growth of 2.5% in 2023.",
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      "text": "Euro area: The Eurozone economy remains in stagnation... annual average growth will remain modest in 2024 at 0.8%, following expected growth of 0.5% in 2023.",
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      "text": "Australia: The Australian economy is experiencing a period of below-trend growth... We anticipate the Australian economy will grow 1.9% in 2024 after a likely 2.0% expansion in 2023.",
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      "text": "Japan: Economic activity remains modest in Japan... We anticipate real GDP growth around 0.8% in 2024, following a stronger expansion of 1.7% in 2023.",
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      "text": "GDP growth: 1.8%",
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      "text": "Source: EY analysis",
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      "text": "While some advanced economies are expected to stagnate in 2024, most should accelerate on cooler inflation, easing monetary policy and resilient employment growth",
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