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The US-based Fitch Ratings, in its latest report, revised down the UK GDP forecasts for 2021.

Additional takeaways

“UK GDP 2021 forecast by around 2 percentage points relative to the smooth Free Trade Agreement (FTA) transition.”

“See the UK recovery stalling in the first half of 2021.”

“Now assume that the UK-EU trade will move to the World Trade Organization (WTO) terms in January.”