UK Economic Outlook: March 2024

The United Kingdom’s (UK) economy is emerging from the doldrums, but structural headwinds will constrain growth, as detailed in this report by KPMG UK’s Chief Economist Yael Seflin.

Overview UK economic performance has slightly improved, but structural headwinds will constrain growth. Weakening inflationary pressures should put the Bank of England in a position to begin cutting interest rates from the middle of the year. Narrow path to recovery in activity; the upcoming general election could prolong the uncertainty for businesses and delay investment decisions. Although the United Kingdom’s (UK) economic activity has picked up since the start of the year, the out...

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Authors: Yael Selfin

Published Date: 27 March 2024