Article 6J15N UK economic growth to rebound in late 2024, leading forecaster says

UK economic growth to rebound in late 2024, leading forecaster says

by
Phillip Inman
from on (#6J15N)

EY Item Club report hands PM new year boost with prediction that inflation drop will allow interest rates to fall to 4% by year end

The UK economy will benefit from falling inflation and lower interest rates in the second half of the year, boosting growth and allowing the government to offer pre-election giveaways, according to a study by a leading forecaster.

Handing Rishi Sunak a new year boost, the advisory business EY Item Club, which is sponsored by the accountancy firm EY, said its winter forecast showed that a long period of economic stagnation should begin to fade this year as falling inflation, potential interest rate cuts and tax reductions create momentum for growth in 2024 and 2025".

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