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Global economic growth to reach fastest rate in seven years while UK economy expected to slump, says PwC forecast | The Independent

PwC’s forecasts are for global growth to hit 3.7 per cent in purchasing power parity terms next year, the most rapid expansion, by this metric, since 2011

Global economic growth will pick up to its fastest rate in seven years in 2018, while the UK’s economy slumps to its weakest expansion since the last recession, according to the latest forecast from PwC.

The accountancy and professional services firm’s forecasts are for global growth to hit 3.7 per cent in purchasing power parity (PPP) terms next year, the most rapid expansion, by this metric, since 2011.

PwC said that, for the first time since 2010, it is revising its global growth forecast upwards, bolstered by a robust cyclical recovery in the eurozone and stronger growth in the US.

But PwC expects Brexit related-uncertainty to leave the UK on the growth sidelines next year, with a GDP expansion here of just 1.4 per cent pencilled in for next year.

That would be the weakest output in a calendar year since 2009, when the economy contracted by 4.2 per cent.

Sorgente: Global economic growth to reach fastest rate in seven years while UK economy expected to slump, says PwC forecast | The Independent

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