Item Club Quadruples GDP Forecast

Independent economic forecaster the Item Club – sponsored by City professional services giant EY –  today reports a headline prediction of 1.8% GDP growth for 2017. This is well up on even the 1.3% prediction it made last October. And it is incredibly well up on its post-referendum forecast…

The Item Club sent shock-waves through the City last summer when it downgraded its forecast for 2017 GDP growth to an absolutely dismal 0.4% after the Brexit vote. This prediction of dread set much of the business media agenda: the Item Club is taken seriously because it uses the same economic models as the Treasury. Between July 2016 and today the Item Club has revised up its forecast by an eye-popping 1.4%…

Peter Spencer, chief economic advisor to the Item Club, said today:

“Although the starting gun for Brexit has just been fired, the UK economy has been adjusting to life outside the EU since the referendum…”

And the Item Club has been adjusting its numbers…


Euro News



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Rachel Johnson on her prospects with ChUK…

“I’m the the rat that jumps on the sinking ship. And now I’m jumping on another sinking ship with Change UK. We hope it’s not sinking but it’s not riding the ocean waves in the way Chuka, Heidi and Anna thought it would.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
ChUK Blame Game ChUK Blame Game
Angry Esler Angry Esler
Miliband’s 19,000 Air Miles Miliband’s 19,000 Air Miles