It’s always fun trying to work out what the future will bring, and at this time of year, the newspapers and website are full of predictions. So we’ve put together a summary of what the experts are saying. Whether they’re going to happen or not is simply a matter of time.
A growing economy
The CBI and the National Institute for Economic and Social Research (NIESR) are predicting economic growth of 1.3% or 1.4%. However, before we begin celebrating, NIESR are also predicting inflation rates of around 4% in the second half of the year.
Food in 2017 is set to get even more inventive according to research by Waitrose. Apparently, we’ll all be tucking into healthier food such as Hawaiian poke and vegetable flavoured yoghurts, and making more of an effort to do our own cooking, albeit with the help of meal kit box deliveries full of pre-portioned ingredients and a recipe card. (The perfect cooking solution if you’re staying in a serviced apartment!)
Business travel spend
The amount of money spent on business travel, according to American Express, will remain the same as 2016, meaning that companies will have to spend their budgets more wisely in order to get better value for money.
Growth in tourism from the Far East
London will see more visitors from China than ever before. The OECD is predicting that the Chinese economy will grow by more than 6% in 2017. At the same time, the number of flights between China and the UK is set to rise from 80 a week to over 200 after an agreement between the UK government and Beijing.
What the bookies are saying
The odds-on favourite to happen in 2017 are:
You don’t have to be Mystic Meg to predict that when it comes to accommodation bills, everyone would prefer to spend less, but get more for their money. If you’re planning a stay in North London in 2017, whether it’s for business or leisure, click here to check the availability of our luxury serviced apartments in Watford, Highgate, Finchley, Borehamwood and Muswell Hill.