Pound’s Brexit slide has pushed up inflation and dampened purchasing power,says forecastItaly, France and Germany will grow faster than Britain next year as Brexit uncertainty continues to weigh on consumer confidence and deter much-needed business investment, and according to the latest economic forecasts by the Organisation for Economic Cooperation and Development.
The UK’s GDP growth will drop from 1.6% this year to 1% next year,in line with the OECD’s preceding forecast, but Italy’s national income will grow by 1.2% next year, or up 0.4 percentage points from the forecast in the June. Related: Lloyd’s of London firm moves European base to Dublin over Brexit Continue reading...
Source: theguardian.com