Real consumer spending growth is expected to slow from around 1.8% in 2017 to around 1.1% in 2018, according to PwC projections in its latest UK Economic Outlook. Subsequently consumer spending is projected to edge up to 1.3% in 2019, but has the potential to return to around 2% trend growth on average in the 2020s assuming a reasonably favourable Brexit outcome and productivity gains from automation.
The report projects GDP growth across the North West of around 1.4% in 2018, revised up slightly from 1.2% projected in last years’ report, with 2019 predicted to see similar levels of growth, […]
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