UK: Near-Term Economic Outlook Looks Strong But Threats On The Horizon
Country Risk / United Kingdom / Wed 24 Apr, 2024
Key View
- We have revised upward our forecast for UK real GDP growth in 2024 from -0.1% to 0.5%, as the economy has had a much stronger start to the year than we previously anticipated.
- Several tailwinds will support growth throughout Q2 and into Q3 2024. This includes declining inflation, decent wage gains, as well as lower National Insurance taxes