According to our surveys, firms expect a slowdown in demand over the coming months and very modest growth in investment over the year as a whole. The central projection included in the Bulletin puts GDP at 0.1 per cent in 2019 and at just under 1.0 per cent on average for the following two years.
These estimates are subject to risks connected with both international developments and domestic demand. The confidence of households and firms could be affected by the uncertainties surrounding the budget, which have been dispelled for this year but not for the next.