Vaccine raises UK growth hopes, but industrial activity to be buffeted by Brexit
Our latest UK sector forecasts show that we expect services will outpace industrial production this year, in contrast to the sector dynamics other advanced economies.
What you will learn:
- The weakness in industry primarily reflects the impact of the end of the Brexit transition period.
- The UK-EU FTA will keep trade tariff- and quota-free for qualifying goods. But the new relationship has still introduced customs and regulatory barriers that will weigh on the competitiveness of industry.
- Export-orientated and highly-regulated sectors such as autos and chemicals respectively will be among the worst hit.
If you wish to view more charts, please request a free trial here.
Tags:
Related Services

Post
Japanification risk – down, but not out
Our updated analysis shows that the risk of 'Japanification' – a lengthy period of low growth and low inflation or deflation – has increased in Asian economies like China but declined in Europe. However, some of the changes may not be permanent. Economies are still settling down after the upheavals of the pandemic and some key underlying drivers of Japanification remain in place.
Find Out More
Post
Trump’s tariffs on Canada would raise regional commodity prices
A blanket 25% tariff on Canadian imports to the US could have a significant impact on commodity prices, squeeze profit margins of Canadian exporters and raise prices for US end-users.
Find Out More