UK economy set to grow faster than expected this year
Published On Oct 30, 2024, 9:02 AM
The UK economy is projected to grow by 1.1% this year, an increase from the earlier forecast of 0.8%. Furthermore, the Office for Budget Responsibility anticipates a growth of 2% in 2025, up from a previous estimate of 1.9%. However, growth is expected to slow down in 2026 and beyond.
Stock Forecasts
EWU
Positive
The positive growth forecast could imply improved consumer spending and business investments in the UK, supporting sectors like retail and construction.
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