eu slashes uk growth outlook due to brexit ‘uncertainty’
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

EU slashes UK growth outlook due to Brexit ‘uncertainty’

Arab Today, arab today

Arab Today, arab today EU slashes UK growth outlook due to Brexit ‘uncertainty’

Britain’s growth was expected to tumble further to 1.3 percent in 2018,
Brussels - Arab Today

The EU on Thursday slashed Britain’s growth forecast for this year and said the slowdown would continue through 2019 as uncertainties over Brexit weigh on the economy.
Growth in Britain had “slowed markedly” in 2017 and was projected to fall to 1.5 percent for the year, the EU said in its autumn forecast, down from 1.8 percent in its spring forecast.
The figure puts Britain’s economy joint lowest in the bloc with Italy, and far below both the dramatically upgraded euro zone forecast of 2.2 percent growth for 2017 and the wider EU outlook of 2.3 percent.
Britain’s growth was expected to tumble further to 1.3 percent in 2018, the same as in the spring forecast, and then to just 1.1 percent in 2019, a new prediction, it said.
“Economic growth in the UK has been slowing since the start of the year, as higher consumer prices constrained private consumption growth,” the EU forecast said.
“Based on a purely technical assumption of status quo in terms of trading relations between the EU27 and the UK, growth is still expected to remain subdued over the forecast horizon.”
The EU also warned that “uncertainty continues to weigh on business investment” in Britain.
The figures were released as a sixth round of the slow-moving Brexit negotiations began in Brussels.
The EU said however that it was difficult to make a firm forecast given that Brexit negotiations are still stuck on divorce terms and have not even moved on to discussing a future relationship.
“This is for forecasting purposes only and has no bearing on the talks underway in the context of the Article 50 process,” it said.

Source:Arabnews

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu slashes uk growth outlook due to brexit ‘uncertainty’ eu slashes uk growth outlook due to brexit ‘uncertainty’

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu slashes uk growth outlook due to brexit ‘uncertainty’ eu slashes uk growth outlook due to brexit ‘uncertainty’

 



GMT 18:57 2016 Wednesday ,05 October

Hollywood icon Robert De Niro arrives this weekend

GMT 08:49 2017 Friday ,28 April

Press cooperation protocol signed

GMT 04:01 2017 Friday ,24 November

Lebanon's Hezbollah hails 'positive' Hariri moves

GMT 16:39 2017 Wednesday ,06 September

Dolphins-Buccaneers NFL game called off as Hurricane Irma

GMT 12:55 2017 Sunday ,19 February

Day 1 Asian Winter Games medal table

GMT 10:01 2016 Tuesday ,16 August

Bayer could launch hostile bid for Monsanto

GMT 02:09 2017 Wednesday ,18 October

December22nd-January20th

GMT 12:53 2017 Tuesday ,22 August

Mahmoud informed on AAAID performance

GMT 11:45 2017 Thursday ,20 April

Expo Turkey by Qatar begins

GMT 09:59 2017 Tuesday ,25 April

A chaotic discovery of power

GMT 20:52 2017 Thursday ,27 April

Iraqi forces liberate Mutaibaija area from IS

GMT 23:57 2017 Saturday ,04 March

Oman offers military training in schools

GMT 07:28 2017 Sunday ,22 October

Donald Trump will not visit Britain until 2018

GMT 04:56 2017 Monday ,02 October

Japan business confidence hits decade high

GMT 02:08 2017 Tuesday ,24 October

Nov23/Dec21

GMT 18:05 2017 Wednesday ,20 September

Bach lifts lid on 2024-2028 joint Olympics award

GMT 22:28 2017 Wednesday ,22 November

Undersecretary participates in FANA General Assembly

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday