The table below presents the one year ahead forecasts for quarterly (annualised) GDP growth and CPI inflation estimated using data up to Q2-2015. The forecasts are an average of the projection for the four quarters of 2015. The forecasts are derived using 15 econometric models..
The aim is to provide a wide ranging statistical outlook for the UK economy that is largely free from conditioning assumptions and judgement.
Read more on the forecast summary and key highlights for 2016.
UK RGDP is expected to grow by 2.42% in 2015. However, the forecast variance is 0.46% across models.
UK Inflation is expected to be 1.73% in 2015. However, the forecast variance is 0.19 across models.
In comparison, UK Treasury Independent Consensus Forecasts are 2.6% and 0.4% for UK RGDP and Inflation.
Forecasts for the UK Economy 2015