UK forecasts modest 1.5pc growth

Business | 13 Mar 2018 9:56 pm

The UK has revised its economic growth forecast for 2018.

The Office for Budget Responsibility said today that "the economy continues to grow, continues to create jobs and continues to beat expectations.''

The economy has grown for five consecutive years, and exceeded expectations in 2017, it said. The forecast for growth this year was revised upwards to 1.5 percent from 1.4 percent forecast in the November budget. But growth is forecast to slow to 1.3 percent in 2019.-The Standard

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