UK Economic Outlook Q1 2024

Although inflation is on its way down, the slight uptick announced yesterday indicates that the path back to the target rate is unlikely to be smooth. However, we remain confident we are going in the right direction, especially as the cooling labour market will lead to lower wage growth and subsequently reduce core inflation. 

Lower inflation and interest rates will improve real incomes and reduce the debt burden, stimulating spending and investment from both consumers and businesses, leading to a gradual improvement in the economy.

For our detailed forecasts and insights on the impact of the latest economic trends for commercial real estate, read the full report.