Axar.az
UP
10 April 2020


The UK enters shock economic downturn ahead of Brexit

Home page Politics
12 Punto 14 Punto 16 Punto 18 Punto

Britain’s economy shrank for the first time since 2012 in the second quarter, a severe hangover from a pre-Brexit stockpiling boost and one that bodes poorly as Prime Minister Boris Johnson gears up to leave the EU in October.

Sterling slid to a new 31-month low against the dollar after data showed output in the world’s fifth-largest economy fell by 0.2% in the three months to June compared with the previous quarter, below all forecasts in a Reuters poll of economists that had pointed to a flat reading.

With Johnson’s government committed to leaving the European Union on Oct. 31, regardless of whether he can secure a transition deal to avoid trade disruption, the outlook for the remainder of 2019 is uncertain.

The world economy has also slowed due to the trade conflict between the United States and China.

Year-on-year economic growth slid to 1.2% from 1.8% in the first quarter, Britain’s Office for National Statistics said, its weakest since the start of 2018.

Date
2019.08.09 / 17:07
Author
Axar.az
Comments
See also

Pakistan rejects election in occupied Nagorno-Karabakh

Karabakh statement from Zakharova: We do not recognize!

The session of the Milli Majlis began

120 countries supported Baku's position - PA official

Mnatsakanyan called to Lavrov

Azerbaijani and Iranian top diplomats held a phone call

Peskov calls for getting prepared for global economic crisis

Another organization didn't recognize "elections" in Karabakh

Keir Starmer elected new UK labour leader

Russia and Saudi Arabia have stopped the oil war - Trump

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla