What we got right and wrong and three ‘cases’ for 2025

We think stronger GDP growth, falling inflation and gradual interest rate cuts will be the key themes that shape 2025. But recent economic data have raised the chances that high inflation combines with weak, or even negative, GDP growth, preventing the Bank from cutting rates much further.

Note: This will be the last UK Economics Weekly for 2024. The next Weekly will be sent on Friday 10th January 2025.

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.