Posted 12/29/2023, 6:39:00 PM
UK Growth Forecast to Outpace Struggling Germany and Eurozone in Coming Years
- UK growth is expected to outpace Germany and the eurozone for years due to higher interest rates and recession in Europe
- Britain projected to bounce back within a year, while Germany struggling with budget crisis and falling house prices
- Eurozone hampered by economic issues in core nations; UK forecast to grow 0.6% in 2024 and 1.5% in 2025 vs 0.5% and 0.8% for Germany
- Traders betting on UK interest rates falling as inflation declines, providing economic boost
- Unexpected resilience of UK economy to keep recession at bay; migration, corporate health, lower energy prices aiding growth