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U.K. Economy Is Set for the Worst Quarter Since 2012
U.K. Economy Is Set for the Worst Quarter Since 2012
09 Aug 2019, 05:12 PM IST
(Bloomberg) --
(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.
To contact the reporter on this story: Eddie Spence in London at espence11@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, David Goodman, Andrew Atkinson
©2019 Bloomberg L.P.
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