U.K. Seen Narrowly Avoiding Fourth-Quarter Contraction

(Bloomberg) -- The U.K. economy probably narrowly avoided a contraction at the end of 2019, thanks to a modest pickup following Boris Johnson’s emphatic election victory. GDP likely rose 0.2% in December, leaving output unchanged in the fourth quarter, according to a Bloomberg survey. But uncertainty for businesses and consumers is set to continue as Britain battles to reach a trade deal with the European Union before the Brexit transition period ends on Dec. 31.

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