Modest Growth Forecast Predicted by KPMG

By September 25, 2018Uncategorized

The Birmingham Chamber of Commerce, have published KPMG’s ‘modest growth forecast’ in the event that a ‘friction-light’ Brexit deal is achieved, according to Karl Edge, Midlands regional chairman at KPMG.

KPMG’s quarterly Economic Outlook Report, reveals that the UK economy is set for modest growth if a positive Brexit deal can be reached with the EU. KPMG also predicts that UK GDP will grow by 1.3 per cent in 2018 and 1.4 per cent in 2019, the lowest growth rates since 2008 and 2009 and suggests that poor productivity is still a major factor for UK businesses.
Exports are disappointingly low in spite of the weakness of the pound and retail continues to struggle.

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