Home | Login | Contact

Who    What    Why



INSIGHTS



  COMMUNITY ARTICLE

EY ITEM Club Spring Forecast

The UK economy continues to display a lack of momentum and shows little sign of breaking the pattern of stunted growth seen in the second half of 2017. In this report EY reveals its forecast for the months ahead.

Key points include:

  • UK GDP is expected to grow by 1.6 per cent in 2018, a downgrade from 1.7 per cent in the EY Winter Forecast.
  • The severe weather seen at the end of February and the first half of March appears to have weighed down significantly on economic activity at the beginning of the year.
  • Consumers can expect to see a ‘double positive’ for real income growth, with inflation set to fall and stronger pay growth anticipated.
  • The EY ITEM Club forecasts real household income growth to hit 1.2 per cent in 2018 and 1.4 per cent in 2019, a substantial improvement on 2017’s 0.2 per cent rise.






Click here to download this insight




Author

Mark Gregory
Chief Economist, UK & Ireland
EY





Related Insights

EY ITEM Club Winter Forecast 2017 The Road Ahead
Other Insights Contributed by EY, More London Place:
Warning Signs Governing Culture UK Economy Surrounded by Brexit Fog The Price of Uncertainty Rebalancing the Economy Bridging the Gap Embankment Project for Inclusive Capitalism Corporate Governance on AIM IPO Eye: Q3 2018 Can the Economy Overcome Heightened Brexit Uncertainties? Demonstrating Purpose, Creating Value 2018 UK Corporate Governance Code and New Legislation Tech Listings Fuelling the London IPO Market Forecasts on the Line Will the Clouds Clear for the Economy? Top Priorities for European Boards 2018 In Transition Is Everything that Counts Being Counted? UK Attractiveness Survey: Inward Investment after Brexit 2018 Strategic UK Regulatory Outlook How Can Divesting Fuel Your Future Growth? Will the UK Economy Hold up as Brexit Nears? Warning Signs - An Analysis of Profit Warnings Trust in Data and Why it Matters How Does the Treasury Function Adapt to the Future? Politics, Populism and Trust in Business Diverging Fortunes: An Analysis of Profit Warnings The Long and Winding Road to Corporate Governance Reform The Outlook for Financial Services EY's UK Attractiveness Survey

Related Insights

Your Peers Also Read

CFO Research Results 2017 Reviewing Your Top Team as a New CEO The Future of the Workplace The CFO as an Enabler The Three Lines of Offense