With Boris Johnson’s British government committed to exit the EU on October 31, regardless of whether a deal passes from the House of Commons or not, allowing the UK to exit with a transition period so as to avoid trade disruption, the outlook for the last quarter of 2019 seems uncertain.
Taking into consideration the slowdown of the global economy, due to a trade dispute between the United States and China, the UK’s year-on-year economic growth is down to 1.2% from 1.8% in the first quarter of 2019.
Full article available: https://www.neweurope.eu/article/uk-economy-shrinks-in-second-quarter-first-since-2012-and-ahead-of-brexit-deadline/