Macro - Country Economic Forecasts - United Kingdom

Macro - Country Economic Forecasts - United Kingdom

We raised our UK GDP growth forecast for 2024 to 0.9% from 0.6% due to a much stronger-than-expected outturn for Q1 and evidence that the momentum has been sustained in early Q2. We still expect the economy to grow by 2% next year. Consumers will lead the recovery, with much lower inflation boosting spending power. Although, the lagged effects of past interest rate hikes and tighter fiscal policy are expected to result in a steady, rather than spectacular, recovery.

UK: growth Forecast raised following strong M1 rebound
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Long-term prospects
Economic development
Structure of the economy
Balance of payments and Structure of trade

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