Davy Research

UK economy

New UK economy forecasts

DAVY VIEW

We have revised up our forecasts for UK GDP growth to 1.5% in 2017 and 1.2% in 2018, close to the current consensus. The big picture is that the UK economy will see GDP growth below its long-run average as Brexit uncertainties weigh on investment and hiring. We expect a sharp slowdown in consumer spending and falls in investment in 2017 but see export growth accelerating to 3%.

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