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

 

 

At a time when reporting the truth is critical, your support is essential in protecting it.
Find out how

The European Financial Review

European financial review Logo

The European Financial Review is the leading financial intelligence magazine read widely by financial experts and the wider business community.