Bank of England Revises GDP Growth Forecasts for 2026 and 2027

The Bank of England has updated its GDP growth forecasts for the years 2026 and 2027. According to Jin10, the central bank now expects the GDP growth rate for 2026 to be 0.9%, a decrease from the previous forecast of 1.2% made in November. Similarly, the growth rate for 2027 is projected to be 1.5%, slightly down from the earlier prediction of 1.6%. These revisions reflect adjustments in economic expectations as the UK navigates various financial challenges and uncertainties.