Alpesh Paleja
Lead Economist
CBI Lead Economist, Alpesh Paleja, looks at the road ahead for the UK economy.
11 Dec 2023, 3 min read
UK outlook: shifting headwinds
Our latest economic forecast shows that the UK is set for another year of weak growth over 2024. This largely reflects continued, but shifting, headwinds facing businesses and consumers. While we expect inflation to fall back further, household spending will be constrained by the impact of higher interest rates feeding through, and a modest loosening in the labour market. Weak growth also weighs on business and housing investment, further dragging on activity. While we expect some
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