U.K. GDP Revised Down Ahead of Election

The video discusses the impact of exchange rate fluctuations on GDP growth, highlighting how it squeezes real income and affects consumer spending. It examines the role of net exports and Brexit in shaping the UK's economic landscape, noting the potential long-term effects on trade. The discussion also covers the minimal impact of election seasons on GDP, emphasizing that consumer and investment spending remain stable. Finally, it provides an economic forecast, considering potential scenarios post-Brexit, including the introduction of tariffs and further exchange rate movements.

What factors are contributing to the slowdown in household activity since 2014?

What are the expected GDP growth rates for the UK in 2017 according to the speaker?