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UK GDP Growth is Expected to Slow
“Prospects for the UK Economy” taken from the National Institute Economic Review
Pub. Date
01 February, 2017
Pub. Type
Downloads
UK-economy-feb-17External Authors
Kirby, Simon
Carreras, Oriol
Meaning, Jack
Piggott, Rebecca
Warren, James
Related Themes
Macro-Economic Modelling and ForecastingTags
Journal
National Institute Economic Review, No. 1, Vol. 239
Publisher
Sage, London
External Resources
Key points
- GDP growth is expected to slow from 2 per cent in 2016 to 1.7 per cent in 2017 and 1.9 per cent in 2018.
- We forecast consumer price inflation to average 3.3 per cent in 2017 and 2.9 per cent in 2018.
- We expect the MPC to ‘look through’ this temporary period of above target inflation.
- The new fiscal mandate is for the government to reduce cyclically adjusted public sector net borrowing to below 2 per cent of GDP by 2020–21. We expect the government to meet this target with relative ease.
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