Success of economy post-vote is 'deceptive' and growth will slump to just 0.8% next year, says forecaster EY



Economic growth will slump to just 0.8 per cent in 2017 and the apparent success of the UK economy in the face of Brexit is ‘deceptive’, according to a respected forecaster.
The EY Item Club will say tomorrow that surging inflation will hit the UK economy, alongside a further drop in investment. It expects the UK economy to grow 1.9 per cent this year.
Peter Spencer, chief economic adviser to Item, comments: ‘So far it might look like the economy is taking Brexit in its stride, but this picture is deceptive. Sterling’s shaky performance this month provides a timely reminder that challenges... read more

 
15 October 2016 in Business, Views: 52
Source: Daily Mail
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