- Home
- Publications
- UK GDP Expected To Grow By 1.7 Per Cent In 2016
UK GDP Expected to Grow by 1.7 per cent in 2016
“Prospects for the UK Economy” taken from the National Institute Economic Review
Pub. Date
03 August, 2016
Pub. Type
Downloads
UK-economy-aug-16External 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. 237
Publisher
Sage, London
External Resources
Key points
- GDP is expected to grow by 1.7 per cent in 2016, slowing to just 1 per cent in 2017. GDP is likely to decline by 0.2 per cent in the third quarter of this year and there is a risk of a further deterioration.
- Inflation is forecast to increase significantly, peaking at just over 3 per cent at the end of 2017. The Bank of England is expected to ‘look through’ this temporary rise and ease monetary policy substantially in the coming months.
- Government announcements have effectively ‘over-ridden’ the Fiscal Charter and borrowing is expected to increase by an additional £47 billion over the period 2016–17 to 2020–21.
Related Blog Posts
Blog
Inflation Still Likely to Fall to 2 per cent or Below Next Month
Huw Dixon
17 Apr 2024
8 min read
Blog
What is the Current State of the UK Economy?
Paula Bejarano Carbo
Stephen Millard
26 Feb 2024
7 min read
Related Projects
Related News
news
Why it’s not worth worrying that the UK has technically entered a recession
26 Feb 2024
4 min read
Related Publications
publication
Recessionary Pressures Receding in the Rearview Mirror as UK Economy Gains Momentum
12 Apr 2024
GDP Trackers
Related events
Summer 2023 Economic Forum
NIESR is delighted to bring to you our latest Economic Forum where we presented our forecast for the next economic quarter. With inflation remaining stubbornly high, a labour market that...
11:00 to 12:00
11 August, 2023
Spring 2023 Economic Forum
NIESR is delighted to bring to you our latest Economic Forum where we present our forecast for the next economic quarter. As King Charles III is officially crowned, and the...
11:00 to 12:00
12 May, 2023
Winter 2023 Economic Forum
With recent UK GDP figures prompting a cautious optimism amongst some analysts, the question has arisen around whether the UK can avoid a recession? Was the 0.1% growth in November...
11:00 to 12:00
10 February, 2023
Autumn 2022 Economic Forum
Join us, the day after the Chancellor’s autumn statement, to hear our analysis of the measures announced and their likely impact at both a UK, and individual household, level. Utilising...
11:30 to 12:30
18 November, 2022
Summer 2022 Economic Forum
We are delighted to invite you to our Summer 2022 Economic Forecast, where we will present and discuss NIESR’s latest forecasts on the UK and global economies, with an opportunity...
11:00 to 12:00
5 August, 2022
Spring 2022 Economic Forum
We are delighted to invite you to our Spring 2022 Economic Forecast, at which we will present and discuss NIESR’s latest forecasts on the UK and global economies, with an...
11:00 to 12:00
13 May, 2022
Winter 2022 Economic Forum
With rising inflation asking questions of central banks, consumer incomes hit by rising energy prices and Omicron continuing to disrupt the supply of both goods and labour, what does the...
11:00 to 12:00
11 February, 2022
Autumn 2021 Economic Forum
We are delighted to invite you to our Autumn 2021 Economic Forum, at which we will present and discuss NIESR’s latest forecasts on the UK and global economies, with an opportunity for you to ask questions.
11:00 to 12:00
12 November, 2021