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- UK GDP Expected To Grow At 1.7% This Year And 1.9% In 2018
UK GDP expected to grow at 1.7% this year and 1.9% in 2018
“Prospects for the UK Economy” taken from the National Institute Economic Review
Pub. Date
31 July, 2017
Pub. Type
Downloads
uk-economy-aug-2017External Authors
Piggott, Rebecca
Warren, James
Kara, Amit
Lennard, Jason
Hantzsche, Arno
Related Themes
Macro-Economic Modelling and ForecastingTags
Journal
National Institute Economic Review, No. 1, Vol. 241
Publisher
Sage, London
External Resources
Key points
- GDP is forecast to grow by 1.7 per cent this year and by 1.9 per cent next year.
- Annual consumer price index inflation peaks at 3.0 per cent in the last quarter of this year before easing back to the target rate of 2 per cent in the final quarter of 2019.
- We have brought forward the timing of the rate hike from the second quarter of 2019 to the first quarter of next year.
- In our forecast, the fiscal deficit is eliminated in 2022 and the debt-to-GDP ratio peaks in 2018/19.
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