The UK economy will continue to grow solidly in 2015, despite political uncertainty, thanks to the boost provided by ultra-low inflation and an upturn in the Eurozone recovery, according to the EY ITEM Club’s spring forecast.
The eurozone recovery was already gathering steam before the start of quantitative easing. The positive effects of low oil prices and falls in other commodity values, along with a strong pound importing low inflation, are all supporting the solid UK economic momentum. This benign environment for inflation is amplifying the benefits…
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