You are here: Home » Reuters » News
Business Standard

UK economy at weakest since 2012, as Brexit, global worries bite

Reuters  |  LONDON 

By David Milliken and Andy BruceLONDON (Reuters) - Britain's economy slowed sharply in late 2018, pushing annual growth to a six-year low as worries about Brexit hammered business investment and a weakening global economy weighed on trade, data showed on Monday.Quarterly growth fell to 0.2 percent between October and December from 0.6 percent in the previous quarter, in line with forecasts in a Reuters poll, while output in December alone dropped by the most since 2016."Brexit uncertainty, a slowing global economy and the persistent financial squeeze on consumers and businesses (are) ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, February 11 2019. 20:55 IST