NIESR cuts forecast from 1.9% after evidence growth almost came to halt in first three monthsOne of the UK’s main economic thinktanks has slashed its forecasts for 2018 following evidence that growth almost came to a halt in the first three months of the year.
The National Institute for Economic and Social Research said it expected expansion of 1.4% in 2018 – down from the 1.9% it had been predicting three months ago – and anticipated that interest rates would not rise until August at the earliest. Related: UK construction sector bounces back after 'beast from the east' Continue reading...
Source: theguardian.com