U.K. Economy Is Set for the Worst Quarter Since 2012

(Bloomberg) --

A report Friday will show the U.K. economy stagnated last quarter, according to a Bloomberg survey of economists. Such a reading would be in line with the Bank of England’s prediction and represent Britain’s worst quarter since the economy shrank in 2012. Bloomberg Economics, meanwhile, predicts a contraction of 0.1% in the period, citing the unwinding of the stockpiling that preceded the previous Brexit deadline on March 29.

©2019 Bloomberg L.P.