According to the Golden Ten report, HSBC senior economist Elizabeth Martins said that there is little good news in the UK’s GDP data, and the growth the country will barely achieve in 2023 comes from increases in population and government spending. The only positive side may be that the threshold for improvement is very low. If per capita GDP falls by 1.7% compared with the first quarter of 2022 and consumer spending is 1.9% lower than before the epidemic, then a slight rebound in the economy from now on is certainly not too high a requirement. With inflation falling in the UK, real wages rising and the Bank of England hinting at future interest rate cuts, conditions are in place for an improvement in the economy. PMI survey data has proven this.