Premium
UK Forecast Overview
Publication year - 2015
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12162
Subject(s) - economics , slowdown , work (physics) , economic slowdown , macroeconomics , economic growth , mechanical engineering , engineering
Our latest forecasts incorporate some sizeable upward revisions to the recent history and the implications of the ‘Summer Budget’. The net effect is that we expect the UK to grow by 2.6% this year, a modest slowdown compared with the upwardly‐revised 3% in 2014. Further out we have revised down our forecasts a little, reflecting the impact of the measures announced in the Budget, in particular the sharp cuts to in‐work benefits which have weakened the outlook for consumer spending.…