By Experian Economics2020-01-09T16:30:00
A slowing global economy and Brexit uncertainty continue to press down on economic growth
Figures from the Office for National Statistics showed GDP increased by 0.3% (quarter-on-quarter) in Q3 of 2019. This is a 1% rise compared with the same quarter in the previous year, the weakest gain since the first quarter of 2010. A slowing global economy and entrenched Brexit-related uncertainty are expected to continue to hold back business investment in the coming quarters. GDP is unlikely to grow by much more than 1% in 2020 against this backdrop.
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