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British Economy Is Expected To Slow Sharply In The Last Quarter Of This Year
The recovery of the British economy is beginning to lose momentum and is expected to slow sharply in the last quarter of this year.
Yazar: Tom Roberts
Yayınlanma: 10 Ekim 2020 22:18
Güncellenme: 7 Kasım 2024 07:23
British Economy Is Expected To Slow Sharply In The Last Quarter Of This Year
The recovery of the British economy is beginning to lose momentum and is expected to slow sharply in the last quarter of this year. This was stated in its first estimate by the British National Institute for Economic and Social Research (NIESR). The institute estimates that in the third quarter the economy grew by about 15%. However, according to him, growth stopped in September and the economy stagnated during this period. In its first estimate of economic development for the fourth quarter, the NIESR set growth at 1.3%. In addition, there are growing concerns among economists about the second wave of the new coronavirus pandemic, in particular the possible reintroduction of restrictive measures to slow the spread of the virus. In addition, the uncertainty associated with Brexit may also affect the further development of the economy. According to NIESR economist Kemar Whyte, the institute estimates that at the end of the year the British economy will be about 8.5% below the level at the end of 20İLGİLİ HABERLER
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