Moody’s prediction for UK 2020

Moody’s Investors Service, the US-based rating agency, made some comments on the UK economic outlook amid looming Hard Brexit risks and Bank of England’s (BOE) rate cut calls.

• Expects UK economy to slow to 1% GDP growth this year.
• House price inflation will be flat, at ~0.8% for several years.
• Brexit challenges will continue to erode consumer confidence.
• That will also dampen housing activity in the UK.

Source: FX Street

 

 

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