Turning Point report: UK Quarterly Economic Outlook Report
GDP growth, though modest by historic standards, has outpaced all other G7 economies so far this year. The UK’s trading position with the US has also strengthened, with growth estimates revised upwards.
Download the full report to find out:
- Inflation is forecast to peak at 4% this autumn and stay above target until 2027
- Current Bank of England forecasts expect GDP to rise to 1.2% in Q3 2025, its highest quarterly rate since 2021.
- Real private sector average weekly earnings fell from 5.9% in January 2025 to 4.8% in June. Forecasts expect this rate to continue reducing to 3.75% by the end of the year.
- The UK unemployment rate is forecast to hit 4.8% in Q3, which has been revised upwards from 4.6% since last quarter.
Supplied by REBA Associate Member, Turning Point
Our data and insight helps organisations build the best reward strategy for their business and people.
