Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

FxWirePro: UK economic growth likely to hover around 1.3 pct in 2018

The United Kingdom’s economic growth is expected to hover around 1.3 percent during the course of 2018, owing to the downward pressure created by the ongoing uncertainties over the UK-EU Brexit negotiations that have weighed on the consumer as well as business spending.

While, the UK economy has slowed and is likely to continue on this trajectory until next year, the global counterparts have performed otherwise, which has led to a better export performance, albeit at a slower-than-expected pace.

The Brexit developments have created a significant amount of uncertainty for businesses regarding the future nature of regulation, trade and migration policy between the UK and the EU. Out of the major regions in the UK, London and South East will continue to outperform other areas in terms of regional growth, while the North West and South West are likely to step slightly backward.

Meanwhile, according to a recent report from the EY, the British government has recognized the challenges throttling the UK economy has has come up with an Industrial Strategy for the country, in which it seeks to provide a framework for long-term business decision-making and so offset some of the uncertainties related to the nature of the UK economy after Brexit.

Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 21 19:00 UTC Released

USCattle Marketed

Actual

100 %

Forecast

100.4 %

Previous

105 %

September 21 19:00 UTC Released

USCattle Placed On Fd

Actual

107 %

Forecast

104.4 %

Previous

108 %

January 31 00:00 UTC 337847337847m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 337847337847m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 349667349667m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 337847337847m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 349667349667m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 337847337847m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 337847337847m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 337847337847m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.