Commodity market report
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5 Pages

United Kingdom economic outlook Q1 2015

United Kingdom economic outlook Q1 2015

Report summary

Wood Mackenzie forecast the UK to grow 2.6% yoy in 2015. Low inflation will boost real wage growth and unemployment should continue to fall towards pre-crisis levels. External factors will also support growth. First, lower oil prices are expected to boost net trade and consumption. Second, spillovers from the ECB's QE programme could lead to lower interest rates, and boost asset prices. However, lower oil prices also have negative impacts on the UK - deterring capex in resource extraction.

What's included?

This report includes 2 file(s)

  • United Kingdom economic outlook Q1 2015 PDF - 316.34 KB 5 Pages, 1 Tables, 6 Figures
  • Country economic data United Kingdom Q1 2015.xls XLS - 138.50 KB


This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.

Specifically we assess the structure of the economy and present the GDP and industrial production outlook.

The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.

Finally, we highlight the key risks facing our outlook, both upside and downside.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary
  • Market structure
  • Economic outlook
    • Exchange rate outlook
  • Risks and uncertainties

In this report there are 7 tables or charts, including:

  • Executive summary
    • Economic Indicators
  • Market structure
    • GDP by sector
    • GDP by expenditure
  • Economic outlook
    • Real GDP outlook
    • Industrial production outlook
    • Real GDP and inputs growth
    • Population by age cohort (million)
  • Risks and uncertainties
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Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.