UK economic growth tipped to rebound thanks to global boom

Forecaster says strength of world economy and weak pound will help offset effect of Brexit vote

Economic growth in the UK is poised to rebound this year after a slowdown in 2017, as a strong global performance offsets the impact from the Brexit vote, a leading economic forecaster has said.

The National Institute of Economic and Social Research (NIESR) said the strength of the world economy and the benefit for British exporters from the weak pound would help increase GDP growth by almost 2% this year and next – which was higher than many other forecasts.

Related: UK GDP beats forecasts but growth remains uneven

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