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Investors are apprehensive with news of renewed Brexit uncertainty. They had looked into the Kingdom's economic fundamentals that strongly suggest of economic slowdown. Should the stagnation carry on, rate cut speculations will happen and will pressure the Pound further
The Bank of England lowered the forecast for quarterly growth in the remaining 3 months of 2019 to 0.1. Despite coming from 0.2%, the Bank of England is optimistic that it will see growth in early 2020.
However, the U.K. central bank had warned that the monetary policy might need reinforcing. Such is advised if the U.K. GDP is expected to recover unless Brexit uncertainties remain and global growth fail to stabilize.
Light may also be seen according to economists should British businesses and investors feel clarity in 2020. Furthering the positive outlook, Johnson had also pledged to increase the Kingdom's government spending in the next 5 years. Alongside this, an end to austerity must be brought to the table, thus boosting the U.K. economy.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
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