What can we expect from the British economy in the future? Forecasting is always a tricky business, relying on a variety of assumptions that may or may not prove to be accurate. But understanding the various factors that influence these forecasts can give us a better understanding of the current state of the economy and its future prospects. According to the latest Spring Forecast from the influential EY ITEM Club, the UK economy is still displaying a lack of momentum, showing little sign of breaking its pattern of stunted growth which has been apparent since the second half of last year.
Stable but sluggish growth forecast
This 559 word blog post examines the latest Spring Forecast from the influential EY ITEM Club, with analysis of the UK economic growth forecast, outlook for price and wage inflation, and expectations for two interest rate hikes in 2018.