Jump to content
House Price Crash Forum
Sign in to follow this  

Item Club Predicts Uk Economic Growth Of 2.8% This Year

Recommended Posts


Low inflation and stronger eurozone growth should help the UK economy expand 2.8% this year despite political uncertainty ahead of the election, according to an EY Item Club report.

It said low inflation was adding to the benefits of higher employment and the positive effects of lower oil prices.

Item Club chief economic adviser Peter Spencer said the financial markets seem prepared for further Greek problems.

But potential headwinds were a weak government and EU referendum, he said.

The forecast growth is slightly down on the 2.9% expansion that the Item Club previously predicted, due to official fourth-quarter GDP figures coming in weaker than expected.

The Item Club forecasts growth in 2016 of 3%, up from 2.9% estimated previously.

Inflation has fallen to zero in recent months and, along with improvements in employment, is boosting consumer confidence, the Item Club's spring forecast said.

Great news just in time for the election!!!

I wonder how far out this prediction will prove?

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   289 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.