The Outlook for the UK Economy
Wednesday 28th June 2023
Capital Economics London
100 Victoria St, London SW1E 5JL
The UK economy is improving and inflation has started to fall sharply, but is it too soon to sound the all-clear?
Chief UK Economist Paul Dales and a selection of our other UK economists hosted an exclusive in-person roundtable for clients on Wednesday 28th June at our London office. Paul and the team addressed key issues including:
- Whether the UK economy can continue to avoid a recession;
- If the Bank of England done enough to reduce inflation to the 2% target;
- When and how quickly the Bank will cut interest rates.
Chief UK Economist
Paul Dales is our Chief UK Economist, with overall responsibility for our UK Economics and UK Markets services. Paul joined Capital Economics soon after it was founded in 1999 and has previously been our Chief Australia & New Zealand Economist and Senior US Economist. In 2022, he led the team that was named UK Economics Forecaster of the Year by the Sunday Times. In 2016, the Australian Financial Review judged him to be Australia’s economist of the year as “he made all the right calls in a market that most chief economists found hard to read”. In 2011, he was named Bloomberg’s US house price forecaster of the year. And in 2010, he was part of the US team that was named Wall Street Journal US forecaster of the year. Paul regularly writes articles for the London Evening Standard and frequently appears on TV and radio. He holds degrees in Banking & Finance and Economics from Loughborough and London universities and the UK FSA recognised Securities Institute Diploma.
Deputy Chief UK Economist
Ruth Gregory is Capital Economics' Deputy Chief UK Economist. She joined Capital Economics in 2015 and has 15 years’ experience as a professional economist analysing the UK economy. Prior to joining Capital Economics, Ruth worked as a UK economist at the Office for Budget Responsibility and HM Treasury. In 2022, she was part of the team at Capital Economics named UK Economics Forecaster of the Year by the Sunday Times. Ruth is a member of the Retail Think Tank which serves to provide a balanced, considered and unbiased view on what is happening in the retail sector and to develop thought leadership on the key areas influencing the future of retailing in the UK. She has also previously been a member of the Judging Panel for the Society of Professional Economists Rybczynski Prize competition. Ruth regularly presents to clients on the UK economic and financial market outlook. She comments on economic developments in the media and appears regularly on TV and radio. She holds a degree in Economics from the University of Bath.