NI economic growth expected to slow
The Northern Ireland economy enjoyed a solid performance in 2016 with overall growth of 1.5%, the strongest rate of growth since 2007. However, we expect activity to slow through this year and into 2018 as higher inflation squeezes household spending power. We do expect economic output to continue rising and, as such, are forecasting GVA growth of 0.8% this year and 1.0% in 2018. We do not anticipate any major changes to monetary or fiscal policy in the near future.