Economic Review – December 2023

Our monthly Economic Review is intended to provide background to recent developments in investment markets. The bulletin also gives an indication of how some key issues could impact in the future.

Revised forecasts from the Office for Budget Responsibility (OBR) suggest the UK economy is set to grow more slowly over the next two years than previously predicted.

In our economic review this month we begin by looking at the OBR’s data which whilst not predicting a recession is predicting sluggish growth in the UK over the next couple of years. We then move on to more positive news regarding inflation data which has seen a significant fall. Markets this month are all in positive territory. We then discuss pay growth and how it is outstripping inflation although there are signs it may be settling down. Finally we report on retail sales which are slightly lower than previously predicted.

Our update this month includes the following headlines:

  • OBR cuts economic growth forecast
  • Inflation rate falls sharply
  • Markets
  • Pay growth outstripping inflation 
  • Retail sales fall again 

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Economic Review December 2023

It is important to take professional advice before making any decision relating to your personal finances. Information within this newsletter is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.

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