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European commission: “Great Britain won’t be so great in some time”

The resilience of the British economy to the shock of the Brexit decision is running out of steam, the European Commission said on Thursday. A better-than- forecast performance last year was due to the carryover effect of 2016, the EU’s executive arm said, and 2018 will see “subdued” private consumption, “weak” business investment and only a “moderate” contribution from trade. The result: the U.K. is set to join Italy at the bottom of the European growth league.

Source: Bloomberg Pro Terminal



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