June 25, 2022

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EU says UK economy predicted to grow at fastest rate since WW2

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The good feels on the UK economy are growing, this over the weekend from the Bank of England: 

Adding now from the EY Item Club over the weekend:

  • upgrades its GDP forecasts for 2021 
  • expects GDP to grow by 6.8% in 2021, previous was +5% (January forecast)
  • UK economy expected to climb back to its pre-pandemic peak by the middle of 2022
  • Ey looking for a surge in consumer spending after a rise in saving by wealthier households during lockdown
  • successful vaccination rollout
  • easing of the lockdown

The Ernst & Young accountants’ ITEM Club

  • Running for 25 years
  • A non-governmental forecasting group
  • produces quarterly UK economic forecasts




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