In view of Bill Diviney, senior economist at ABN AMRO, as the political stalemate over Brexit has dragged on for the UK economy, so the economic damage has increased and become harder to reverse. Key Quotes “While avoiding predictions of a recession in the post-referendum aftermath, the threat of a no-deal, disorderly Brexit has hit both consumption and investment. The initial victim was disposable household incomes, as the fall in sterling drove higher inflation, without a corresponding increase in wage growth.” “To some extent, consumers dipped into savings to make up the shortfall in income growth, driving the savings rate to historically low levels. However, since the referendum, consumption growth has fallen from an average 3.3% pace in 2015-16, to 1.7% in 2017-19.” “A stagnation in investment has followed; while initially holding up after the referendum, investment has essentially flatlined since mid-2017. After contracting -0.1% in 2018, our forecast is for zero investment growth in 2019 – this compares with the average 3.0% growth pace over 2015-17. Taken together, weaker consumption and investment have driven overall GDP growth down from 2.1% in 2015-16 to 1.4% in 2018, and our projection of 1.2% in both 2019-20.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold rebounds from 2-week lows, up little around $1460 level FX Street 3 years In view of Bill Diviney, senior economist at ABN AMRO, as the political stalemate over Brexit has dragged on for the UK economy, so the economic damage has increased and become harder to reverse. Key Quotes "While avoiding predictions of a recession in the post-referendum aftermath, the threat of a no-deal, disorderly Brexit has hit both consumption and investment. The initial victim was disposable household incomes, as the fall in sterling drove higher inflation, without a corresponding increase in wage growth." "To some extent, consumers dipped into savings to make up the shortfall in income growth, driving the savings rate… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
