Economics

U.K. Economy Set for Sluggish Growth Even If Brexit Goes Well

Niesr revises growth forecast for this year to 1.5% from 1.9%
Should Brexit deal happen, investment will still be sluggish

The U.K. is "uninvestable" but the pound may soon be an opportunity, says Pau Morilla-Giner, CIO at London & Capital.Source: Bloomberg

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By Jill Ward

February 6, 2019 at 12:01 AM UTC

This article is for subscribers only.

U.K. growth is set to be sluggish for the next few years even if a Brexit deal is secured, according to the National Institute of Economic and Social Research.

In a report Wednesday, the think tank lowered its estimate for growth this year to 1.5 percent from 1.9 percent, and said output will pick up only slightly to 1.7 percent in 2020 and 2021.