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The UK Economy

Published online by Cambridge University Press:  01 January 2020

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Abstract

  • The economy will grow by 2.4 per cent this year and 2.3 per cent in 2016.

  • Unemployment rate to remain at 5¼ per cent throughout the rest of this year and next year.

  • The rate of consumer price inflation rises from close to zero per cent in 2015 to 1.1 per cent in 2016.

  • The Bank of England to raise interest rates at the start of 2016 and then gradually increase by 50 basis points a year, reaching 2 per cent by the end of 2018.

Type
Forecast Overview
Information
National Institute Economic Review , Volume 234 , November 2015 , pp. F3
Copyright
Copyright © 2015 National Institute of Economic and Social Research

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