Post by tim... Post by Grikbahhar®
Meanwhile, Germany and other countries on the mainland are facing
where's Clayton when you need him?
Not far away.
The UK recovered part of the contraction (0.4%) of the previous quarter in July.
It is true that growth has slowed in the EU, after three years during which it has outstripped the UK's by 3% (prior to that the UK had performed better than the EU - now what changed three years ago?
The danger for the UK is that we will suffer a general recession, along with everyone else, and a Brexit recession combined.
The other part of the sad reality is that despite the "advantage" of much weaker pound manufacturing has slumped: -
even the farmers are grumbling
but then they always do.
However one sector has probably benefited greatly from the lower pound - tourism, although views differ on that: -