UK Office for Budget Responsibility expects GDP growth to slow during H1 2017 as inflation squeezes household budgets

Market news

8 March 2017

UK Office for Budget Responsibility expects GDP growth to slow during H1 2017 as inflation squeezes household budgets

Consumer spending growth cannot continue to outpace income growth by current margin indefinitely
Continues to have "no meaningful basis" to predict precise outcome of UK Brexit talks
Revised down forecasts for UK earnings growth from 2019 onwards due to lower profile for inflation and medium-term productivity growth

U.S.: Wholesale Inventories, January -0.2% (forecast -0.1%)

U.S. Stocks open: Dow +0.05%, Nasdaq +0.06%, S&P +0.02%

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