Vicky Pryce: board member at the Centre for Economics and Business Research
- The economy has done “better than many people expected” after Brexit, but quarterly GDP growth is still set to fall as low as 0.1 per cent in the second quarter of 2017.
Inflation is going to rise in line with the Bank of England’s predictions to 2.5 per cent in the first half of the year.
- Unemployment is going to rise to 5.2 per cent from 4.8 per cent today.
- And investors will flee to safe havens, with gold rising 70 per cent to $1950 per troy ounce.
Dr Graham Gudgin: research associate at the Centre For Business Research at the University of Cambridge
- A rocky road in 2017 will lead to anaemic GDP growth of 0.2 per cent in the third quarter.
- Inflation is going to rocket to 4.1 per cent by the end of the third quarter.
- But it’s not all bad news. With unemployment holding steady near capacity, workers will be able to push wages up by 3.2 per cent by the third quarter.
- And the Bank of England will be forced to tighten drastically – to 1.25 per cent interest rates – to contain inflation.
Paul Ormerod: partner of Volterra Partners and a visiting professor in the Centre for Decision Making at University College London (UCL)
- GDP will confound anti-Brexit campaigners with solid growth of 0.6 per cent in the first two quarters of 2017.
- Inflation will barely rise above current levels to reach a high of 1.3 per cent.
- But neither will earnings growth, set to decline to 1.7 per cent in the third quarter.