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
Summary
Expert
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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