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Dec 5 2017, 07:25 GMT
Since we issued our last UK GDP forecasts, the economy has performed broadly in line with expectations. GDP growth has slowed to 1.5%; consumer spending has been squeezed by rising prices; and house price inflation has fallen to 2%. We expect 1.5% GDP growth in 2017, slowing to 1.2% in 2018 as Brexit uncertainties continue to provide a drag on employment and investment.