UK economy set for 2025 recovery
This is a UK news story, published by The Times & The Sunday Times, that relates primarily to the Bank of England news.
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UK interest ratesThe Times & The Sunday Times
•Enough growth to please chancellor — but a reckoning looms on tax
74% Informative
57 per cent of the 51 economists predicted that UK interest rates would fall at least four times this year from 4.75 per cent to 4 per cent in 2024 .
Nearly a quarter thought that the Bank of England would go further this year , bringing rates down five or six times.
The Russia -Ukraine war will continue to hang over the global economy in the year ahead .
96 per cent of respondents said inflation would be close to or in excess of the official target by the end of 2025 .
Labour market to remain strong despite higher employment costs stemming from measures taken in the budget.
More than 90 per cent said unemployment rate would be 4 -5 per cent by end of the year.
51 per cent of economists said that global growth would reach at least 3 per cent.
42 per cent said GDP would expand at between 2 per cent and 3% in 2025 .
As usual, global growth will be propelled by the United States , with 56 per cent projecting growth of 2.5% .
The strength of US growth will depend on the severity of protectionist trade and immigration policies.
VR Score
86
Informative language
91
Neutral language
50
Article tone
formal
Language
English
Language complexity
53
Offensive language
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Hate speech
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Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
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Source diversity
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