Goldman Sachs upgrades UK growth forecast
"Goldman Sachs upgraded its growth forecast for the U.K. after the Labour Party’s victory in the country’s general election.."
"The investment bank said in a note that it expected Labour’s fiscal policy agenda to provide a “modest boost to demand growth in the near term” and raised its gross domestic product forecasts for the U.K. by 0.1 percentage points in 2025 and 2026 to 1.6% and 1.5% respectively.."
"Goldman Sachs economists said in the note that reforms to the planning system could boost housebuilding and productivity; higher public sector investment could lift potential output; and closer trade ties with the EU could mitigate some of the costs of Brexit.."
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