UK Economic Outlook Winter 2021

UK Economic Outlook Winter 2021

In this video, Rory Macqueen, principal economist at the National Institute of Economic and Social Research, is here to tell you about our recently published Winter 2022 Outlook for the UK economy.
Overview

Economic activity will grow by 4.8% in 2022, after growing 7.3% in 2021. Those are historically very large numbers – the highest since the Second World War (1941) But they come after an almost unprecedented fall of 9.4% in 2020. For the first time in two years, our forecast is really starting to look at the post-Covid economy.

Key learning objectives:

  • Understand how high the inflation is expected to go

  • Understand the rising cost of living in the UK

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Expert
Rory MacQueen

Rory MacQueen

Rory Macqueen is Principal Economist in the Macroeconomic Modelling and Forecasting team at the National Institute of Economic and Social Research (NIESR). He works on our quarterly forecast of the UK economy, and the monthly GDP tracker. Before NIESR I worked as a political advisor, and before that taught economics and began a PhD at the University of London.

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