UK growth to rebound in 2025 as domestic economy 'turning a corner'

0.9% rise predicted

Linus Uhlig
clock • 2 min read

The UK’s GDP is expected to rise by 0.9% in 2025 while global growth is set to rebound to 2.7%, according to forecasts from KPMG.

In its latest Global Economic Outlook, KMPG's chief economist, Yael Selfin, claimed "the UK economy has shown tentative signs of renewed momentum" amid 0.5% growth anticipated this year, rising to 0.9% in 2025. UK GDP grows faster than expected at 0.7% in first quarter of 2024 Falls in inflation in the UK and globally, coupled with increased mergers and acquisitions activity, were two of the reasons cited for this growth. Cuts to National Insurance contributions are also predicted to bolster real household income by 1%, leading to greater consumer confidence and a more broadly opti...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

OBR chair warns half of Budget tax revenues 'are quite uncertain'

OBR chair warns half of Budget tax revenues 'are quite uncertain'

Deliverability 'poses challenges'

Linus Uhlig
clock 05 November 2024 • 3 min read
OBR warns Reeves' debt rule could cause 'worsening fiscal sustainability'

OBR warns Reeves' debt rule could cause 'worsening fiscal sustainability'

Public sector net financial liabilities

Linus Uhlig
clock 04 November 2024 • 2 min read
IFS concerned Budget is 'a repeat of the silly games played by the last government'

IFS concerned Budget is 'a repeat of the silly games played by the last government'

More tax rises likely

Linus Uhlig
clock 01 November 2024 • 2 min read
Trustpilot