Dateline : 3rd August 2016
Now experts admit Brexit may not lead to recession after all: Economy is expected to slow down during the third quarter but recover by the end of the year
- Experts say Britain will avoid a recession despite 'economic slowdown'
- The economy will shrink by 0.2 per cent in the third quarter, report says
- But a late recovery in 2016 will see the UK avoid a technical recession
Britain will avoid recession this year despite a 'marked economic slowdown' after the vote to leave the EU, experts say.
The economy will shrink by 0.2 per cent in the third quarter as worries about the impact of Brexit hit business investment and push up unemployment, according to a report. But the UK is expected to eke out growth of 0.1 per cent in the final three months of 2016 – avoiding a technical recession, defined as two consecutive quarters of economic decline.
Simon Kirby, an economist at the National Institute of Economic and Social Research, which released today's report, said a rerun of the Great Recession of 2008-09 is not on the cards....
Read more: http://www.dailymail.co.uk/news/article-3720827/Now-experts-admit-Brexit-not-lead-recession-Economy-expected-slow-quarter-recover-end-year.html#ixzz4GHYLYG4q
So, what paper and what experts do you believe? Remembering these are the 'experts' that failed to spot previous issues including GE2015, BREXIT and god knows what else...
Pah......'Experts'? Who needs them, who believes them ;)
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