April ICAS Newsletter- Issue 14/2025

Expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months decreased. Expectations for economic growth over the next 12 months became more negative, while the expected unemployment rate in 12 months’ time increased. Expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead declined.