UK’s economy on course to contract by 0.1 percent in Q2 - NIESR

Market news

10 July 2019

UK’s economy on course to contract by 0.1 percent in Q2 - NIESR

National Institute of Economic and Social Research (NIESR) reported on Wednesday it saw the UK’s economy is on course to contract by 0.1 percent in Q2. It also added that two quarters of contraction would mean that the economy is in a technical recession, but the initial outlook for Q3 is for growth of 0.2 percent.

Economist had forecast a 0.1 percent decline.

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