The Goldman Sachs Group Inc.
11/20/2024 | Press release | Distributed by Public on 11/20/2024 09:21
UK Outlook 2025: A Gradual Pace, but More Cuts Than Priced
The recent UK macroeconomic news points to more near-term growth and inflation, according to our European economists in Goldman Sachs Research. They continue to think that the BoE will ultimately cut further than the current market pricing of 4% for the terminal rate. Overall, they expect annual GDP growth of 1.2% in 2025, three-tenths below the BoE's latest forecasts.
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UK Outlook 2025A Gradual Pace, but More Cuts Than Priced
The Goldman Sachs Group Inc. published this content on November 20, 2024, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 20, 2024 at 15:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]