Reuters (HERE) report S&P saying that the UK's better figures in August which some are suggesting there has been a "rebound" may in fact be a mirage. "While the news is encouraging, we believe it has no bearing on the cloudy longer-term outlook for the UK economy," Sophie Tahiri, an economist at S&P Global Ratings, said in a report.
Meanwhile, the British Chambers of Commerce says (HERE) say Britain’s economy will grind to a near standstill over the coming months as post-referendum uncertainty triggers a slump in business investment, as it slashed its growth forecasts.
In its first set of forecasts since the vote to leave the EU, the British Chambers of Commerce (BCC) on Monday more than halved its GDP growth prediction for next year from 2.3% to 1.0%. That would mark the worst economic performance since 2009, when the UK was emerging from a deep recession sparked by the global financial crisis. Because others (the BoE and the IM) said we might face a technical recession some see this as good news!!
No comments:
Post a Comment