FX & CFD trading involves significant risk
The National Institute of Economic and Social Research (NIESR) lowered its GDP growth forecast for the U.K. The U.K. GDP is expected to grow 2.5% in 2015, down from the previous estimate of 2.9%. The NIESR expects the U.K. economy to expand at 2.4% in 2016.
The NIESR said that the economic growth will be driven by consumer spending this year.
The unemployment rate is expected to decline to around 5.25% at the end of the year.
The productivity growth in the U.K. remains the largest uncertainty to the economy, according to NIESR.
The inflation is expected to decrease slightly this year.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.