Tuesday, 28 November 2017

Brexit to result in a sharp slowdown in UK economic growth, OECD predicts.

The OECD expects Brexit to result in a sharp slowdown in UK growth.

In its November forecast, the Paris-based multilateral think tank projects UK GDP growth this year of 1.5 per cent, slowing to 1.2 per cent in 2018.

In 2019, when the UK is set to leave the EU, the OECD expects growth of just 1.1 per cent.

"The growth slowdown is expected to continue through 2018, due to continuing uncertainty over the outcome of negotiations around the decision to leave the European Union and the impact of higher inflation on household purchasing power," it said, adding that there would be a "moderate" rise in the UK's current 4.3 per cent unemployment rate.

The Independent.
Full story at Yahoo News.

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