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Forecast Overview
Publication year - 2017
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 - 10.1111/1468-0319.12256
Subject(s) - economics , inflation (cosmology) , consumer spending , momentum (technical analysis) , fiscal policy , monetary economics , macroeconomics , monetary policy , financial economics , recession , physics , theoretical physics
Though the economy continued to enjoy reasonable momentum in the latter part of 2016, it was heavily reliant on the strength of the consumer and, with higher inflation set to squeeze household spending power, we expect activity to slow through this year and into 2018. We forecast GDP growth will slow from 2.0% in 2016 to 1.5% this year and 1.3% in 2018. We do not anticipate any major changes to monetary or fiscal policy in the near future.