The Macro Brief by HSBC Global Research

The UK's tough choices

Sep 15, 2023
The challenges facing the UK economy include slow growth, high inflation, elevated interest rates, and debt burden. Factors such as strikes and poor weather have contributed to the lack of growth in recent UK GDP numbers. Analyzing and forecasting the UK economy amidst pandemic-related uncertainties is challenging, with potential downside risks. The effects of interest rates on the housing market and economy are discussed, as well as the upcoming UK election and tough choices for the government and the Labour party. The impact of the US economy and Eurozone weakness on the UK, along with GDP forecast and investment opportunities, are also highlighted.
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