the oxford economics forecast
TRANSCRIPT
2 UK overview
Jul 2014
2013 2014 2015 2016 2017 2018The UK OutlookDomestic Demand 1.8 2.7 2.3 2.2 2.2 2.2 Private Consumption 2.2 2.8 2.2 2.2 2.5 2.6 Fixed Investment -0.8 8.6 6.5 6.5 6.0 4.4 Stockbuilding (% of GDP) 0.7 0.4 0.4 0.4 0.4 0.4 Government Consumption 0.7 0.5 -0.3 -0.9 -1.5 -0.7
Exports of Goods and Services 0.5 1.3 4.6 5.9 6.2 5.5Imports of Goods and Services 0.2 0.0 3.9 4.9 5.1 4.6
GDP 1.7 3.1 2.5 2.5 2.6 2.5Industrial Production -0.4 2.7 1.8 1.5 1.5 1.3Claimant unemployment (Q4 mn) 1.24 1.00 0.95 0.94 0.93 0.94
Headline RPI (Q4) 2.6 2.4 3.4 3.3 3.7 4.0RPIX (Q4) 2.7 2.3 2.7 2.8 3.0 3.1CPI (Q4) 2.1 1.5 1.7 1.8 2.0 2.0
Current Balance (% of GDP) -4.5 -4.3 -3.6 -2.8 -2.2 -1.7Government Budget (% of GDP) -5.9 -5.6 -4.5 -3.4 -2.2 -1.1
Short-Term Interest Rates (%) 0.49 0.57 1.14 1.86 2.87 3.91Long-Term Interest Rates (%) 2.45 2.95 3.31 3.68 4.14 4.61
Exchange Rate (vs US$) 1.56 1.68 1.67 1.64 1.61 1.61Exchange Rate (Euro per £) 1.18 1.24 1.28 1.28 1.26 1.26
The World OutlookWorld GDP (2010 PPP) 2.9 3.0 3.7 4.0 4.1 4.1 US 1.9 1.5 3.1 3.3 3.2 3.0 Japan 1.5 1.1 1.0 1.1 1.3 1.0 Eurozone -0.4 1.0 1.6 1.6 1.7 1.7World Trade 2.6 4.8 5.3 5.5 5.2 5.0(UK export-weighted)
The Oxford Economics Forecast(Annual percentage changes unless specified)