Natural gas & LNG

Europe & Russia July 2018

Regional analysis & forecasts
Economic overview

Political uncertainty is continuing to hit the UK’s economic outlook.

The UK’s GDP is forecast to grow by 1.4% this year and by 1.3% next year, according to the latest forecast from the OECD. The only major European country with a weaker economic outlook is Italy. Disagreements over the government’s most recent proposals for Brexit have resulted in the resignation of several senior cabinet ministers, meaning the plan for how and when the UK will leave the EU remains uncertain. The country’s weak economic growth is...