Economics
U.K. Consumers Are Most Pessimistic on Economy in Seven Years
- Household confidence in the outlook close to crisis-era levels
- Brexit will make the next few months turbulent, GfK says
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U.K. consumers are the least optimistic about the economic outlook in seven years as a lack of clarity over the nation’s exit from the European Union leaves them worried about Britain’s prospects.
A GfK gauge of expectations for the U.K.’s general economic situation for the next 12 months has tumbled in the past year, and is approaching levels last seen in the depths of the financial crisis, the firm said in a report Thursday. A headline measure of confidence stayed at the lowest since 2013, GfK said.