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Evening Standard
Evening Standard
Business
Michael Hunter

Summer sun coming for the economy says influential City forecast

City Economy EY Interest Rates United Kingdom Bank of England

There are sunnier times ahead for the UK economy according to one of the City’s most closely watched forecasts, which today predicted better growth and interest rates under 5% by the end of the year.

The EY Item Club’s hotter summer outllook was “a significant upgrade” it said, compared with its last update in spring. It now expects growth of 1.1% for 2024, up from the 0.7% predicted in April.

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