
Macro - Country Economic Forecasts - United Kingdom
Description
Macro - Country Economic Forecasts - United Kingdom
We've become gloomier about UK growth prospects, leading us to cut our forecasts for 2022 and 2023 GDP growth by 0.2ppts each to 3.6% and 1.4%, respectively. While inflation has probably peaked, renewed supply-chain disruptions and a weaker pound will keep price pressures higher for longer, and the MPC is set to tighten more aggressively than we previously anticipated.
We've become gloomier about UK growth prospects, leading us to cut our forecasts for 2022 and 2023 GDP growth by 0.2ppts each to 3.6% and 1.4%, respectively. While inflation has probably peaked, renewed supply-chain disruptions and a weaker pound will keep price pressures higher for longer, and the MPC is set to tighten more aggressively than we previously anticipated.
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