The British government has so far boasted of being able to bank on
"the strongest growth in the
G7
"
for this year, after the record recession of 10% of GDP last year.
This was counting without the tensions which are increasing in the economy of the island and threatening the strength of the recovery.
The Bank of England, which in May was forecasting an increase of 7.25% of GDP for the year, revised its forecasts downwards last week.
See also
Shortages are worsening in the United Kingdom under the effect of Brexit
In the third quarter, GDP is expected to grow by only 2.1%, against 2.9% previously forecast.
The strong rebound in the economy upon reopening after months of restrictions is already subsiding.
In July, the month of “freedom day” announced with fanfare by Boris Johnson to mark the end of the limitations linked to Covid, GDP stagnated, with 0.1% growth.
And that recovery slowed in September for the fourth month in a row, according to the IHS Markit composite flash PMI index, to a seven-month low, both in industry and in retail.
This article is for subscribers only.
You have 73% left to discover.
To cultivate one's freedom is to cultivate one's curiosity.
Continue reading your article for € 1 the first month
I ENJOY IT
Already subscribed?
Log in
