Economics
The U.K.'s Economic Outlook Is Getting Rosier
- CEBR upgrades its growth forecasts for 2017 and 2018
- Market has brought forward view on BOE move by a full year
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Bank of England officials aren’t the only ones feeling a bit more bullish about the U.K. economy.
The Centre for Economics and Business Research upgraded its outlook for the nation’s economy Monday, citing a pickup in manufacturing and a view that the worst of the consumer-spending squeeze has passed. The group now expects U.K. growth of 1.6 percent this year and 1.4 percent in 2018, an increase from 1.3 percent and 1.2 percent, previously.