Moody’s prediction for UK 2020

26th January 2020 / NewsBits

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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