The UK Economy - forecast summary
| Publication date: 10 May 2017 | Theme: Macroeconomics | Journal: National Institute Economic Review Issue 240 | Publisher: Sage Publications, London
- GDP is forecast to grow at a rate of 1.7 per cent this year and 1.9 per cent in 2018.
- Consumer price inflation is projected to peak at 3.4 per cent at the end of 2017.
- We expect the MPC to keep interest rates unchanged, despite the temporary rise in inflation.
- The current fiscal rule suggests further fiscal tightening is now needed in the next Parliament.