Post by tim...Post by Grikbahhar®https://www.bbc.com/news/business-49632627
Meanwhile, Germany and other countries on the mainland are facing
recession.
where's Clayton when you need him?
tim
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: -
https://www.independent.co.uk/news/business/news/brexit-no-deal-uk-manufacturing-output-pmi-economy-a9088366.html
even the farmers are grumbling
https://www.fwi.co.uk/business/markets-and-trends/farming-optimism-fades-as-output-prices-put-under-pressure
but then they always do.
However one sector has probably benefited greatly from the lower pound - tourism, although views differ on that: -
https://www.independent.co.uk/travel/news-and-advice/brexit-uk-tourism-money-economy-visitor-numbers-deficit-travel-eu-tourists-a8929461.html