Title page 1

Contents 2

Short-term forecasts, September 2025 3

Average of independent forecasts for 2025; GDP growth, CPI and RPI inflation and unemployment 10

Average of independent forecasts for 2025; Current account and PSNB (2025-26) 11

Average of independent forecasts for 2026; GDP growth, CPI and RPI inflation and unemployment 12

Average of independent forecasts for 2026; Current account and PSNB (2026-27) 13

Dispersion around the independent consensus for 2025; GDP growth, CPI and RPI inflation made in the last 3 months 14

Dispersion around the independent consensus for 2025; LFS unemployment, current account and PSNB (2024-25) made in last 3 months 15

Dispersion around the independent consensus for 2026; GDP growth, CPI and RPI inflation made in the last 3 months 16

Dispersion around the independent consensus for 2026; LFS unemployment, current account and PSNB (2025-26) made in last 3 months 17

Annex 1: Forecasting institutions 18

Annex 2: Data definitions 19

Annex 3: Notation used in tables 20

Annex 4: Organisation contact details 21

Tables 2

Table 1. 2025: Growth in GDP and its components (% annual growth) 4

Table 2. 2025: Growth in prices and monetary indicators (% change) 5

Table 3. 2025: Growth in other selected variables (% change) 6

Table 4. 2026: Growth in GDP and its components (% annual growth) 7

Table 5. 2026: Growth in prices and monetary indicators (% change) 8

Table 6. 2026: Growth in other selected variables (% change) 9