Growth forecasts revised down; recession risks rising

The recent weakness of the news on the domestic economy and the deterioration in the overseas outlook – particularly in the euro-zone – has made us concerned that even our bearish forecasts for UK GDP growth will not be met. As a result, we now expect growth of just 1% in 2012 and 1.5% in 2013 (down from 1.5% and 2%) and the risks of a renewed recession are rising alarmingly.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.