Home | Login | Contact

Who    What    Why



INSIGHTS



  COMMUNITY ARTICLE

Will the Clouds Clear for the Economy?

This year's EY ITEM Club Summer Forecast demonstrates that economists are being confronted by an extremely dynamic economy with wide variations in performance and outlook. Despite a bounce-back in retail sales and continued job creation, EY ITEM Club now expects the UK economy to grow at 1.4% in 2018, down from its forecast of 1.6% in the spring. 

Key points include:

  • Recent months have seen a drumbeat of bad headlines about the struggling UK high street. But strong retail growth in April and May show signs of green shoots.
  • EY ITEM Club now expects inflation to climb over the summer before heading down again later in the year.
  • The report maintains a downbeat view of prospective growth in consumer spending, which is expected to run at only 1.3 percent this year, before picking up to 1.5 percent in 2019.
  • Growing global protectionism, with early summer seeing a welter of tariffs imposed or threatened between the US and some of its major trading partners, could make a cloudy global outlook positively stormy. 







Click here to download this insight




Related Experts

Mark Gregory
Chief Economist, UK & Ireland
EY





Related Insights

Controlling Your Equity Narrative In Transition Is Everything that Counts Being Counted?
Other Insights Contributed by EY, More London Place:
Standing Tall Energizing the Enterprise Journey to 5G and IoT Tipping Point 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 Top Priorities for European Boards 2018 In Transition Is Everything that Counts Being Counted? EY ITEM Club Spring Forecast 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

Your Peers Also Read

The Future of the Workplace The Three Lines of Offense Reviewing Your Top Team as a New CEO Six Elephants in the Boardroom Future Proofing Corporate Governance