Macro - Country Economic Forecasts - United Kingdom
Description
We've raised our forecast for UK GDP growth this year by 0.2ppts to 1.5% due to national accounts revisions that suggested the economy carried stronger momentum into 2025. We still project GDP will grow by 0.9% in 2026 and 1.3% in 2027. We think growth will be sluggish over the next couple of years given the strength of domestic headwinds, including fiscal policy being tightened significantly and the lagged impact of past interest rate rises continuing to emerge.
Table of Contents
8 Pages
- UK: National accounts revisions push up 2025 GDP forecast
- 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
- Alternative long-run scenarios
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
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