Article preview: Recent economic forecasts presented in the Spring Statement painted a relatively optimistic outlook for the UK economy. Despite coming towards what many view as the tail end of the economic cycle, the independent Office for Budget Responsibility is expecting the UK economy to expand by 1.4% this year, and then continue to grow in future years. This forecast comes despite continued Brexit uncertainty and an apparent slowdown in the housing market. However, outside of London many parts of the UK face a bleak economic future.
Economic forecasts on a local level
This 745-word blog post considers a new UK Competitiveness Index, with academics saying significant parts of British should expect to experience a decline in economic growth during the next twenty years. Includes a comment from Professor Robert Huggins, based at Cardiff University’s School of Geography and Planning. Written on 25th March 2019.
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