S&P: UK will barely escape a full-fledged recession

The US ratings agency, Standard & Poor’s (S&P), revised its UK economic outlook in the wake of Brexit, noting that:
Brexit will cause a drag on UK economy of 1.2% in 2017 and 1.0% in 2018
Eurozone GDP to be hit by 0.8% over 2017 & 2018
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















