One of the key questions faced by the Office for Budget Responsibility in producing its economic forecasts for this week’s Autumn Statement is whether the recent outperformance of the UK economy compared to the rest of the G7 can be sustained.
While the UK managed to outperform its peers for a sustained period in the 1990s and early 2000s, one of the key drivers of that growth spurt is absent now. And while the larger amount of spare capacity in the UK economy than overseas at present suggests that a period of comparatively strong GDP growth should occur eventually, the UK still possesses some disadvantages that may prevent it from remaining at the very top of the G7 growth leader board.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services