Research Briefing | May 28, 2021

UK | Fiscal repair job is probably smaller than feared

Ipad Frame (4)-Jun-02-2021-02-56-14-94-PM

Though the budget deficit remains very high, monthly borrowing totals have
consistently undershot the OBR’s forecasts. We expect this to continue through the remainder of fiscal year 2021-2022, as the recovery proves much faster than the OBR anticipates, boosting tax receipts and lowering government spending.


Download this report to learn about
:

  • Borrowing continues to undershoot the OBR’s expectations
  • The reopening of indoor hospitality caused restaurant bookings to rise well above pre-pandemic levels
  • The extent of pandemic-related scarring looks likely to be lower than previously feared…
Back to Resource Hub

Related Services

Post

Slowdown in 2023, except for Chinese cities

Growth across advanced Asia Pacific cities is slowing down in 2022's second half, and their full-year growth rates will trend downwards in 2023. In emerging Asian cities, we expect an uptick in growth in 2022, followed by a marked weakening in 2023.

Find Out More

Post

European cities face a tough winter as recession spreads

Strong annual GDP growth figures for most major European cities do not tell the whole story in 2022 as the economic environment across Europe has continued to deteriorate in the second half of this year. We expect technical recessions across most major European cities in H2 2022 and into Q1 2023.

Find Out More