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UK Overview
Publication year - 2016
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 - 10.1111/1468-0319.12227
Subject(s) - economics , pound (networking) , inflation (cosmology) , investment (military) , term (time) , limit (mathematics) , monetary economics , immigration , macroeconomics , international economics , politics , physics , quantum mechanics , theoretical physics , political science , law , mathematical analysis , mathematics , archaeology , world wide web , computer science , history
Following the vote to leave the EU, we have reduced our forecasts for GDP growth in the short and long term. In the short term, heightened uncertainty will dampen business investment, while the weaker pound will push up inflation and hamper consumer spending. Further out, we expect the UK to lose its access to the single market in return for the ability to limit immigration; both of these choices would limit prospects for GDP growth.