UK economic growth has defied expectations and risen at a greater-than-expected rate for the period leading up to the EU referendum. A weaker Pound can be thanked.
The UK economy is now contracting and is expected to do so into 2017 while inflation is forecast to pick up towards 2%.
Will the UK fall into recession following the Brexit vote? According to a number of leading analysts the answer is yes, while another research house says the outlook is not all bad.
This week, Wednesday’s preliminary estimate of Q1 GDP takes centre-stage for the British pound on the data front, and some slowdown from Q4’s 0.6% quarterly rise looks inevitable.
A mixed bag of data for the UK has given sterling a boost, but also highlighted growing imbalances in the economy.
Page 3 of 3