Brexit Means a Sharp Slowdown Ahead for the U.K. Economy: ChartBy
For the Bank of England, signs of resilience in the U.K. economy since the vote to leave the European Union haven’t changed the “contours of the economic outlook,” keeping alive the suggestion policy makers could cut interest rates again before the end of the year. Economists in Bloomberg’s monthly survey share that view, forecasting 2017’s economic outcome will be the worst since the last recession in 2009, and for a majority that means the BOE will reduce its key rate from 0.25 percent in November or December.
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