It is important to emphasise that the current phase of strong economic performance is driven by strong fundamentals, rather than being fuelled by unsustainable increases in domestic credit. Looking ahead, the central forecast remains positive: underlying domestic demand is projected to grow by 5.6 per cent this year, moderating to 4.6 per cent in 2019 and 3.8 per cent in 2020.
UK Departure from the European Union (Brexit) Not only do SMEs have to deal with the effects of the pandemic, but they also face risks from the ending of the Brexit transition period.