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

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance