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