In the News
IMF predicts UK to be the slowest-growing G7 economy in 2023
28th July 2022
The IMF - not always correct - has identified that the UK economy is going to be the slowest growing of all G7 economies in 2023, cutting its previous 1.2% forecast to 0.5%.
However, the overall forecast for the global economy is increasingly pessimistic, with global growth forecast for 2022 to be 3.2% and an increased risk of a global recession.
The latest CBI survey of Industrial Trends suggests only one direction of travel - a slowing of the UK economy - as supply bottlenecks, cost pressures and slowing consumer demand all play their part.
The latest retail sales figures don't make for happy reading - consumers have cut back on spending on fuel and clothing - even though the overall trend is marginally upwards.
However, the broad picture is still one of extreme uncertainty and some see retail sales as weakening.
You might also like
Four facts about UK manufacturing industry
22nd October 2014
Immigration and the UK Economy
19th October 2014
Twin Peaks for the UK Economy
19th October 2014
Bank of England Chief Economist on the Real Economy
19th October 2014
Recessions are good for the nation’s health
6th August 2014
Rethinking the IMF mantra of price stability
14th February 2010
Grim Times Ahead
29th January 2009
Six Key Charts on the UK Economy
24th October 2014