Outlook
UK Economists Doubt Labour Government’s Ability to Boost Growth
- Survey shows economists expect sluggish GDP to continue
- Keir Starmer hopes blitz of policies will strengthen economy
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UK economists are skeptical about the ability of Keir Starmer’s Labour government to turbo-charge growth, anticipating the slow expansion that blighted much of the past decade will continue, a survey showed.
Economists expect only slightly faster growth with the economy predicted to expand 0.8% in 2024 and 1.3% next year, according to Bloomberg’s monthly survey of 56 forecasters. The projections are up just 0.1 percentage points for both years compared to the previous survey.