{"id":113142,"date":"2025-03-26T17:15:15","date_gmt":"2025-03-26T13:15:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113142"},"modified":"2025-03-26T17:15:22","modified_gmt":"2025-03-26T13:15:22","slug":"uk-economic-growth-forecast-revised-downward-to-1-0-for-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/uk-economic-growth-forecast-revised-downward-to-1-0-for-2025\/03\/26\/market-updates\/","title":{"rendered":"UK Economic Growth Forecast Revised Downward to 1.0% for 2025"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>The <strong>UK\u2019s economic growth forecast for 2025<\/strong> has been <strong>revised downward to 1.0%<\/strong>, according to <strong>Finance Minister Rachel Reeves<\/strong>. The announcement, made on <strong>Wednesday<\/strong>, cites <strong>updated estimates from the Office for Budget Responsibility (OBR)<\/strong>.<\/p>\n\n\n\n<p>This <strong>new projection<\/strong> marks a <strong>sharp decline from the previously expected 2.0% growth<\/strong>, which was part of the <strong>OBR\u2019s October outlook<\/strong> when Reeves presented her first <strong>comprehensive budget<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Updated Growth Projections<\/strong><\/h3>\n\n\n\n<p>Looking ahead, the <strong>OBR now expects economic output to rise by:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1.9% in 2026<\/strong> (compared to the previous 1.8% estimate)<\/li>\n\n\n\n<li><strong>1.75% annually for the rest of the decade<\/strong> (previously 1.5% for 2027)<\/li>\n<\/ul>\n\n\n\n<p>These <strong>downward revisions<\/strong> indicate <strong>weaker-than-expected economic performance<\/strong> in the near term, raising concerns over the <strong>UK\u2019s growth trajectory<\/strong> and potential policy responses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK\u2019s economic growth forecast for 2025 has been revised downward to 1.0%, according to Finance Minister Rachel Reeves. The announcement, made on Wednesday, cites updated estimates from the Office for Budget Responsibility (OBR). This new projection marks a sharp decline from the previously expected 2.0% growth, which was part of the OBR\u2019s October outlook &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7202,6978,6987,6835],"class_list":["post-113142","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-england","tag-cpi","tag-inflation","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113142"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113142\/revisions"}],"predecessor-version":[{"id":113143,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113142\/revisions\/113143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31846"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}