2016 in Figures - United Kingdom

CEIC Gallery/World Trend Database/Hot Topics - 2016 Figures/Part 6 - January 14, 2016 √ UK economy is expected to slow down for the second consecutive year. In 2016 real GDP growth will decrease to 2.2% after, while the growth in 2015 has been 2.5%. √ Nominal GDP will increase from USD 2.9 trillion in 2015 to USD 3.1 trillion in 2016 UK output gap will shrink in 2016 to -0.4% of potential GDP and is expected to close in the next three years. √ Unemployment rate will decrease slightly from 5.6% in 2015 to 5.5% - the number of employees will increase with 220 thousand people compared to 2015. √ Inflation is expected to increase from 0.06% in 2015 to 1.5% in 2016. Note: The charts above show highlights of the latest International Monetary Fund's forecasts for 2016. Data series are obtained from CEIC's Global Economic Monitor, Regional and Country Forecast datasets. Discuss this post and many other topics in our LinkedIn Group (you must be a LinkedIn member to participate). Request a Free Trial Subscription. Back to Blog
21st January 2016 2016 in Figures - United Kingdom