Assessment of the three structural drivers of long-term economic growth – labour, capital and productivity – indicates that productivity will be the key driver of GDP growth in the UK over the forecast period. Labour and capital inputs will contribute modestly. The UK will see growth in its working-age population, however, the dependency ratio is rising and this will mount pressure on public finances.
This report includes 4 file(s)
United Kingdom long-term economic outlook Q1 2014 PDF - 503.05 KB 4 Pages, 1 Tables, 4 Figures
GDP Forecast Feb 2014.xls XLS - 2.03 MB
IP Forecast Feb 2014.xls XLS - 1.37 MB
Latest Population Forecast.xls XLS - 2.92 MB
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.
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Commodity market report | Apr 2014
United Kingdom long-term economic outlook Q1 2014
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