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Q2 2025 UK consumption recovery slows as inflation returns: S&P Global
S&P Global Ratings has revised its expectation for 2025 UK economic growth down to 0.8 per cent from 1.5 per cent on the back of inflation, uncertainty over external demand and tighter monetary policy. Weak export growth will continue as firms have seen higher input costs and a stronger currency erode their price competitiveness. But things are looking up for 2026.
S&P Global Ratings has revised its expectation for 2025 UK economic growth down to 0.8 per cent from 1.5 per cent on the back of inflation, uncertainty over external demand and tighter monetary policy.
Weak export growth will continue as firms have seen higher input costs and a stronger currency erode their price competitiveness.
But things are looking up for 2026.
