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Why is the UK economy slowing down after the referendum?

Discussion in 'Speaker's Corner' started by ver01@, Sep 29, 2017.

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  1. ver01@


    Joined: Aug 7, 2017

    Posts: 408

    Just listening to the radio and apparently UK economy is not expected to grow according to previous estimates (something like 1.5% instead of 1.7-2%). I always thought why bother with such a small difference, but it seems that higher inflation and the increase in interest rates is going to make things more complicated.
  2. FrenchTart

    Man of Honour

    Joined: May 16, 2005

    Posts: 31,310

    Location: Manchester

    Use the brexit thread.
  3. Jokester


    Joined: Aug 7, 2003

    Posts: 38,843

    Location: Aberdeenshire

    We are at the very top of the economic cycle, unemployment is the lowest it's been in donkey's years so growth will be harder to come by regardless of Brexit.

    There are also signs of share price bubbles in both the UK and the US and also elsewhere and meanwhile in the Eurozone the strengthening Euro, particularly against the dollar is starting to make its effects felt there as well.

    I reckon there will be a worldwide recession within 2 years.
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