The National Institute of Economic and Social Research (NIESR) says Britain's economy looks set for a significant slowdown after a strong second quarter, based on data mostly recorded before last month's decision by voters to leave the European Union. Reuters HERE
It warned the pick up in Q2 was driven by a surge of activity in April, adding that gross domestic product likely stagnated in May and contracted in June.
"What it does suggest is that when April drops out of the three-month calculation we should see a quick deterioration of growth, especially if the estimated contraction in June persists or accelerates into July and beyond,"said Jack Meaning, a research fellow at NIESR,
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