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- Assuming A Vote To Remain In The EU, The UK Economy Is Expected To Grow By 2.0 Per Cent In 2016
Assuming a Vote to Remain in the EU, the UK Economy is Expected to Grow by 2.0 per cent in 2016
“Prospects for the UK Economy” taken from the National Institute Economic Review
Pub. Date
10 May, 2016
Pub. Type
Downloads
UK-economy-may-16Authors
External Authors
Kirby, Simon
Carreras, Oriol
Meaning, Jack
Piggott, Rebecca
Warren, James
Hacche, Graham
Related Themes
Macro-Economic Modelling and ForecastingTags
Journal
National Institute Economic Review, No. 1, Vol. 236
Publisher
Sage, London
External Resources
Key points
- Assuming a vote to remain in the EU: the UK economy is expected to grow by 2.0 per cent in 2016. Growth will pick up to 2.7 per cent in 2017.
- The Inflation rate is expected to average 0.3 per cent this year and 0.9 per cent next
- We expect the Bank of England to start raising interest rates in November. Rates will then continue rising throughout 2017, ending the year at 1.5 per cent.
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