City Of London
Burnbrae’s Jim Mellon Sees a Bright Future for Britain
He tells In the City that the UK will avoid a technical recession and calls comparing the value of London and Paris stock markets a “distraction.”
Jim Mellon, chairman of Burnbrae Group
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
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The outlook for the UK has improved in recent months, with a technical recession now looking like it will be avoided, according to Bloomberg Economics. In fact, the team sees GDP growth in 2023 of 0.1%, up from -0.4%.