UK Economic Growth May Slow Down In Future

UK Economic Growth May Slow Down In Future 

The National Institute of Economic and Social Research (NIESR) warned that the British economy will have a chance of high inflation but low economic growth in the next few years. The court explained that if the supply chain bottleneck problem cannot be solved, it will harm the British economy and will also push up inflation. They estimate that the UK's annual inflation rate will have a chance to climb to 5% next year, but economic growth may slow down. From 6.9% growth this year, to 4.7% growth next year, by 2023, there is a chance to slow down to only 1.7% growth.