Category: UK Outlook

UK Outlook – January 2025

Growth stalls despite fiscal loosening We have revised down our GDP forecast for 2024 to 0.8%, from 1.1% previously, on foot of weaker activity over recent months. With the outlook for H1 this year looking softer we have also reduced our 2025 forecast, from 1.4% to 1.2%. We expect a rebound in H2 and our […]

UK Outlook – September 2024

Improved short term outlook, longer term challenges remain We have revised up our GDP forecast for this year to 1.1%, from 0.7% previously, on foot of the robust rebound in activity in the first half of the year. Our forecasts for 2025 and 2026 are unchanged at 1.4% and 1.6%, broadly in line with the […]

UK Outlook June 2024

We have revised up our forecasts for GDP growth to 0.8% in 2024 (from 0.4% in our February Outlook) and to 1.4% in 2025 (from 1.2% previously), slightly above consensus expectations and Bank of England forecasts. We expect growth to accelerate further to 1.6% in 2026. The unemployment rate is likely to continue edging higher […]

UK Outlook – February 2024

With inflation set to decline further this year, economic activity is projected to pick up gradually driven by a recovery in consumer spending – with GDP growth of 0.4% for the year as a whole. Growth should strengthen further in 2025, to about 1.2% on an annual basis, while unemployment will remain relatively low this […]

UK Outlook – October 2023

Subdued growth, rising geopolitical risks Download the UK Outlook in full here: Bank of Ireland UK Outlook October 2023

UK Outlook – July 2023

Modest growth ahead, downside risks rising Download the UK Outlook in full here: Bank of Ireland UK Outlook July 2023  

UK Outlook – May 2023

Sluggish growth, elevated inflation. Download the UK Outlook in full here: Bank of Ireland UK Outlook May 2023

UK Outlook – February 2023

Improved outlook, though risks remain. Download the UK Outlook in full here: Bank of Ireland UK Outlook February 2023  

UK Outlook – July 2022

Cost of living squeeze slows growth. Download the UK Outlook in full here: Bank_of_Ireland_UK_Outlook_July_2022

UK Outlook – April 2022

High inflation to temper growth. Download the UK Outlook in full here: BANK_OF_IRELAND_UK_OUTLOOK_APRIL_2022