Quarterly Sectoral Forecasts

“In 2025, economic growth is expected to remain modest, reflecting the lack of momentum in the economy, the expectation that inflation may run somewhat higher than previously anticipated, the increase in business costs arising from the UK autumn Budget and elevated uncertainty stemming from emerging global risks. However, further gradual easing of monetary policy and increased government spending may provide some support to the pace of economic expansion.”

Conor Lambe - Chief Economist & Head of Strategy