MercoPress. South Atlantic News Agency
Britain's growth prospects downgraded because of “newly created uncertainty”
Economists have downgraded Britain’s growth prospects in the wake of political uncertainty following the general election and as a prolonged Brexit drag on business investment looms. New forecasts by the Centre for Economics and Business Research (Cebr) show that the UK economy will grow by just 1.3% in 2017, a substantial downward revision from an earlier forecast of 1.7%. Read full article
Comments
Disclaimer & comment rulesI wonder why none of the eager Brexiters has commented on this story?*
Jul 06th, 2017 - 07:35 am - Link - Report abuse 0* Don't worry, I know why.
These “ so-called experts ” have got it wrong before.
Jul 06th, 2017 - 01:06 pm - Link - Report abuse 0True; economics is not an exact science. On the other hand ignoring it completely tends to produce the kind of results we see in certain South American countries.
Jul 06th, 2017 - 11:29 pm - Link - Report abuse 0What's interesting is that although the immediate forecasts have worsened due to the post election uncertainty, the longer terms ones have improved. I can't think of any other circumstances where a hung parliament and and Corbyn's rise would lead to more confidence from economists.
The question is why is this piece appearing in Mercopenguin, a propaganda organ supposedly devoted to America, South America and the “South Atlantic”?
Jul 07th, 2017 - 12:39 am - Link - Report abuse 0Commenting for this story is now closed.
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