Economic Monitor
Uncertainty keeps the UK economy in limbo
The UK GDP grew by 0.5% qoq over the first quarter of 2019, up from the meagre 0.2% growth in Q4 last year, leading one to believe that the British economy is quite resilient. Sadly, that doesn’t appear to be the case. Monthly GDP data reveal that uncertainty was the main culprit behind the quarterly figure, with firms, particularly manufacturing ones, building stocks ahead of Mar 29th, the date when the UK was due to leave the EU. January saw a stark pick up of 0.5%, February saw growth of 0.2%, but in March, the economy contracted by 0.1%.
TO DOWNLOAD THE FULL REPORT PLEASE SIGN IN
Only members and associate members can access this exclusive insight.