Davy Research

UK economy

New Davy UK economic forecasts

DAVY VIEW

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.

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