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UK economic outlook

Storm clouds gathering

Storm clouds gathering

The December quarterly UK Economic Outlook Report looks ahead to 2019 and beyond – touching on economic challenges (Brexit and others) that will affect UK’s long term growth potential.
 
In this edition, KPMG’s Chief Economist, Yael Selfin covers: 
 
  • The latest forecasts for the next two years and recent performance of the UK economy;
  • Outlook for UK regions;
  • Outlook for UK equities
 

Read the UK Economic Outlook December 2018 report.

GDP
1.7%
2017
1.3%
2018
1.6%
2019
1.5%
2020
Inflation vs interest rate (end-of-year)
Cloud
2.7%
0.5%
2017
2.5%
0.75%
2018
2.2%
1.0%
2019
2.1%
1.25%
2020
Unemployment rate
4.4%
2017
4.1%
2018
4.0%
2019
4.0%
2020
* These figures represent our central scenario under which the UK secures a transition agreement after Brexit and a relatively friction-free trade deal after that. Figures for GDP, consumer spending, investment and inflation represent % change on previous year. Figures for house prices are house price changes over the course of the year and interest rates are quoted at the end of the year deal after that. All figures represent annual averages, unless otherwise specified.