UK weather: Economy faces short-term hit from big freeze

UK weather: Economy faces short-term hit from big freeze
 

The bad weather looks set to send a chill over Britain's economy, with warnings of a short-term hit to growth.
The impact on sectors such as retailing and construction could halve the 0.4% GDP growth many economists had forecast for the first three months of 2018.
Retail expert Phil Dorrell said the big freeze could be a "disaster" for the high street as people staying home turned to more shopping online.
One small firms group said its members would lose £7,000 each on average.
Economist Howard Archer, chief adviser to the forecasting group EY Item Club, said the snow's impact... read more

 
4 March 2018 in Business, Views: 47
Source: BBC
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