In Growth

The EY ITEM Club is a leading UK economic forecasting group.

We produce quarterly economic UK forecasts, special reports and forecasts for Scotland and the financial services sector. We also deliver daily analysis on UK economic data.

EY has been sole sponsor of the ITEM Club for 25 years. It is the only non-governmental forecasting group to use HM Treasury's model of the UK economy. Our reports provide a detailed economic analysis and forecast of economic activity for the period ahead. They are independent of any political, economic or business bias.

EY ITEM Club is part of Economics for Business, which provides knowledge, analysis and insight to help businesses understand the economic environments they operate in.

Featured press releases

High interest rates weigh on GDP, but the UK should still avoid recession, says the EY ITEM Club

The EY ITEM Club’s Autumn 2023 Forecast sets out predictions for UK GDP, consumer spending, inflation, business investment, and more.

16 Oct 2023 London GB

Rising interest rates prompt the EY ITEM Club to downgrade its UK growth forecast for 2024 – but 2023 growth prospects improve

The EY ITEM Club has more-than halved its forecast for 2024 UK economic growth. In its new Summer Forecast, the EY ITEM Club says the UK economy will grow just 0.8% in 2024 – down from the 1.9% growth projected in the Spring – as a result of the impact of rising interest rates. Positively, the forecast for 2023 has been upgraded from 0.2% growth to 0.4%.

24 Jul 2023 London GB

UK now on course to avoid recession – although only marginal growth expected in 2023, says the EY ITEM Club Spring Forecast

The EY ITEM Club has upgraded its forecast for the UK economy for 2023 – but growth is still only expected to be marginal this year.

17 Apr 2023 London GB

Scottish economy expected to return to calendar year growth in 2024, says EY Scottish ITEM Club Forecast 

Projections suggest Scottish Gross Value Added (GVA) will fall by 0.6% during 2023, with decline largely concentrated in the first six months

29 Mar 2023

Cost of living pressures set to intensify the UK’s regional economic divide, finds latest EY report

EY’s Regional Economic Forecast compares the expected economic performance of the UK’s towns, cities, regions and nations.

27 Feb 2023 London GB

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