Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

18 September 2017

The Independent: UK economy will perform better than we thought in 2018, says CEBR think tank


Default: Change to:


The revision comes after BOE policy makers said last week that they’re headed toward raising interest rates for the first time in more than a decade.


The Centre for Economics and Business Research upgraded its outlook for the nation’s economy Monday, citing a pickup in manufacturing and a view that the worst of the consumer-spending squeeze has passed. The group now expects UK growth of 1.6 per cent this year and 1.4 per cent in 2018, an increase from 1.3 per cent and 1.2 per cent, previously.

The revision comes after BOE policy makers said last week that they’re headed toward raising interest rates for the first time in more than a decade, noting that while Brexit still poses a risk, data since their last decision points to a “slightly stronger picture than anticipated.”

Gertjan Vlieghe, regarded as one of the more dovish members of the Monetary Policy Committee, doubled down a day later, saying that data suggested “we are approaching the moment when bank rate may need to rise.” [...]

Full article on The Independent



© The Independent


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment