Debate Magazine

Nobody Move Or the Forecast Gets Slashed!

Posted on the 04 May 2016 by Markwadsworth @Mark_Wadsworth

From The Guardian:
In another blow, the European Commission has just cut its forecast for UK growth this year.
The EC now expects Britain’s economy to expand by just 1.8% this year, down from a previous forecast of 2.1%, inching up to 1.9% in 2017. It blames the uncertainty created by June’s EU referendum -- echoing the slump in UK factory output.
The commission says:
“Risks to the outlook are tilted to the downside, reflecting less favourable external demand and uncertainty in the lead-up to the June referendum. Net exports are forecast to continue to detract from growth although less markedly in 2017.”

Well they would say that, wouldn't they?


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