UK economy to lag peers over next two years – Reuters poll

According to the results of the latest poll on the UK economic outlook, a majority of the economists polled say the UK growth risks are skewed to the downside.

Key Findings:

Most economists polled say UK growth risks are to the downside.

UK economy to lag peers over next two years.

20% chance of UK recession in the coming year.

Some see 0.25% rate hike in Q4 2018.

But 27 out of 55 economists expect no change vs Q2 2019 prev.

2017 GDP 1.5% unchanged vs previous, 2018 1.3% vs 1.4% prev.

Bank of England (BOE) to raise rates by 25 bps in Q4 2018 to 0.75%.

But 27 Of 55 economists expect no change (Q2 2019 Nov 3 Poll).