U.K.’s Pre-Brexit Growth Improvement Probably Won’t Last: ChartBy
While the U.K. economy probably improved in the months before Britons voted to leave the European Union, economists predict that won’t last and are forecasting contractions this quarter and next. Growth picked up to 0.5 percent in the second quarter from 0.4 percent in the first, according to a Bloomberg survey. The Bank of England has signaled it’s readying stimulus for August as early reports show high uncertainty and deteriorating sentiment.
— With assistance by Harumi Ichikura