Commodity market report

United Kingdom economic outlook Q1 2015

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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 contains

  • Document

    United Kingdom economic outlook Q1 2015

    PDF 316.34 KB

  • Document

    United Kingdom economic outlook Q1 2015

    ZIP 367.76 KB

  • Document

    Country economic data United Kingdom Q1 2015.xls

    XLS 138.50 KB

  • Document

    Executive summary

    PDF 75.89 KB

  • Document

    Market structure

    PDF 79.06 KB

  • Document

    Economic outlook

    PDF 101.69 KB

  • Document

    Risks and uncertainties

    PDF 57.80 KB

Table of contents

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

Tables and charts

This report includes 7 images and tables including:


  • GDP by sector
  • GDP by expenditure
  • Real GDP outlook
  • Industrial production outlook
  • Real GDP and inputs growth
  • Population by age cohort (million)


  • Economic Indicators

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