There’s a crack of light for the British economy — regardless of this week’s terrible data
|05/27/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — On Friday, new data from the Office for National Statistics showed UK GDP growth slowing to just 0.2% in the first quarter of 2017. That was even worse than the initial 0.3% growth shown in the ONS’ first estimate — a number widely hailed as evidence that the UK’s Brexit-triggered economic slowdown is finally here.
After close to 10 months of shockingly strong growth, the numbers confirmed what economists have been predicting for a long time — that Brexit will have a materially negative impact on the British economy.
The 0.2% growth in the first quarter marks the slowest read more >>>