The UK Economy

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National Institute Economic Review, 2016, vol. 235, issue 1, F3-F3

Abstract: Economy to grow 2.3 per cent in 2016 and 2.7 per cent in 2017. Inflation rate of just 0.3 per cent this year and 1.3 per cent in 2017, reaching 2.1 per cent in 2018. Bank Rate now expected to remain ½ per cent until the second half of 2016. Chancellor forecast to miss the primary target of the Fiscal Mandate by a slim margin. Productivity performance the largest domestic risk, but emerging market slowdowns, financial market volatility and policy missteps also represent risks.

Date: 2016
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