UK growth to slow to 1.5% in 2018

The Financial Times (FT) released the results of their latest survey of more than 100 economists, offering their outlooks for the UK into this New Year.

Key Findings:

Expectations of:

• business investment remains on hold
• interest rates creep up
• indebted consumers curb their spending
• inflation would start to recede this year

The UK was one of the fastest growing advanced economies in 2016 but dropped below all other G7 economies in 2017.

The UK economy is expected to remain towards the back of the pack this year, with Japan and Italy.

Just over half of the 111 economists who responded to the survey expect growth to be no more than 1.5 percent in 2018.