Economy to Grow 2.3 per cent in 2016 and 2.7 per cent in 2017

Key points

• Economy to grow 2.3 per cent in 2016 and 2.7 per cent in 2017.
• Inflation rate of just 0.3 per cent this year and 1.3 per cent in 2017, reaching 2.1 per cent in 2018.
• Bank Rate now expected to remain ½ per cent until the second half of 2016.
• Chancellor forecast to miss the primary target of the Fiscal Mandate by a slim margin.
• Productivity performance the largest domestic risk, but emerging market slowdowns, financial market volatility and policy missteps also represent risks.

See more of our UK Economic Outlooks