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?

Back to Featured Articles on Logo Paperblog