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- Title
UK Overview.
- Abstract
We have revised down our forecasts of GDP growth for this year and next, from 2.4% and 2.5% respectively three months ago, to 2.1% and 2.3% now. The downgrades reflect the heightened uncertainty caused by the recent financial market turbulence and the upcoming referendum on the UK's membership of the EU, as well as evidence of softer global growth. We expect the first interest rate hike to come in Q2 2017, with the risks skewed towards a later move.
- Subjects
UNITED Kingdom; ECONOMIC conditions in Great Britain, 1997-; ECONOMIC forecasting; BRITISH economic policy, 2010-; FINANCIAL crises; INTEREST rates; GROSS domestic product; TWENTY-first century; HISTORY
- Publication
Economic Outlook, 2016, Vol 40, Issue 2, p3
- ISSN
0140-489X
- Publication type
Article
- DOI
10.1111/1468-0319.12211