高盛：2026年英国经济展望报告-增长趋缓（英文版）

We expect another mixed year for the UK economy in 2026, characterised by trend-like growth and further increases in unemployment, but also materially lower inflation and three more Bank Rate cuts to 3%. n Although real disposable income growth is likely to remain weak in the coming quarters, we see scope for the savings rate to decline further this year as interest rates fall and thus expect some pick-up in consumption growth. Fiscal policy remains contractionary (despite higher near-term sp