NIESR forecasts increase in UK growth

13 May 15

The National Institute of Economic and Social Research has estimated that gross domestic product in the UK increased by 0.4% between February and April.

In its monthly examination of the economy, the think-tank found growth had quickened from the 0.3% rise in output between January and March.  This showed that the slowdown in economic growth during this period would not last for long.

‘We expect the slight softening of GDP growth experienced in the first quarter of this year to be temporary and forecast the UK economy will expand by 2.5% for the year as a whole,’ it said in a statement.

However, the forecast will mean that growth is slightly down on 2014, when the economy expanded by 2.8%, according to the Office for National Statistics.

  • Judith Ugwumadu

    Judith Ugwumadu joined Public Finance International and Public Finance online as a reporter after stints at Financial Adviser, Global Security Finance and The Sunday Express. Currently, she writes about public finance, public services and economics.

    Follow her on @JudithUgwumadu_

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