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UK Economic Update

UK Economic Update

Heightened Brexit uncertainty and a weaker global backdrop see a material deterioration in short-term prospects for the UK economy.

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Yael Selfin - Chief Economist at KPMG in the UK.

Chief Economist

KPMG in the UK

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The UK economy continues to face a mixed outlook, which will be highly dependent the outcome of Brexit negotiations. Given the deterioration in the domestic and external environment, we now expect the UK economy to remain practically flat in the first quarter of this year. We have revised our growth for 2019 as a whole to only 1.2%; we expect a modest pick up to 1.5% growth in 2020. 

Read our full UK Economic Update – February 2019.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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