Prospects for the UK economy
Publication date: 7 Feb 2018 | Publication type: National Institute Economic Review | Theme: Macroeconomics | Journal: National Institute Economic Review Issue 243 | Publisher: Sage Publications, London
- GDP is forecast to grow by nearly 2 per cent this year and in 2019. Our forecasts have been revised higher since November.
- Annual consumer price inflation peaked at 3 per cent in the final quarter of 2017 and is forecast to ease back to the target rate of 2 per cent over the next eight quarters.
- We expect the Bank of England to continue normalisation by raising Bank Rate in May by 25 basis point steps and every six months after that until the policy rate reaches 2 per cent.
See our press release