UK Economy Must Endure ‘Short, Sharp Shock’ After Brexit Vote
The UK economy is on “a very different path” from that of a few months ago, with business investment and consumer spending due for a short, sharp post-Brexit shock, according to a forecast by the EY Item Club. The organization has slashed its UK growth forecast for 2016 to 0.4% from 2.6% and predicts the pound will be down 15% by year’s end. Gwyn Topham discusses the issue.
To read the full article in The Guardian, click: UK Economy Must Endure ‘Short, Sharp Shock’ After Brexit Vote.