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Nobody move or the forecast gets slashed!

Wednesday, May 4, 2016 8:51
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(Before It's News)

From The Guardian:

In another blow, the European Commission has just cut its forecast for UK growth this year.

The EC now expects Britain’s economy to expand by just 1.8% this year, down from a previous forecast of 2.1%, inching up to 1.9% in 2017. It blames the uncertainty created by June’s EU referendum — echoing the slump in UK factory output.

The commission says:

“Risks to the outlook are tilted to the downside, reflecting less favourable external demand and uncertainty in the lead-up to the June referendum. Net exports are forecast to continue to detract from growth although less markedly in 2017.”

Well they would say that, wouldn't they?



Source: http://markwadsworth.blogspot.com/2016/05/nobody-move-or-forecast-gets-slashed.html

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