The UK think tank, the National Institute of Economic and Social Research (NIESR) showed in its latest survey, the odds of the UK economy slipping into a recession have dramatically receded despite the looming Brexit uncertainty. Key Findings: Despite ongoing turmoil at Westminster over Brexit and a likely general election, forecasters at the NIESR now put the chances of a recession at just 10pc after a much better than expected 0.3pc expansion for the UK economy during the month. Garry Young, director of macroeconomic modeling and forecasting, put the chances of a recession at one in ten after the “welcome resumption” of growth. But he warned: “There is a limit to how much further real wages can grow without a pickup in investment and productivity, and this seems unlikely in the near term.” 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 USD/JPY eases from over 1-month tops, still comfortable above 107.00 mark FX Street 4 years The UK think tank, the National Institute of Economic and Social Research (NIESR) showed in its latest survey, the odds of the UK economy slipping into a recession have dramatically receded despite the looming Brexit uncertainty. Key Findings: Despite ongoing turmoil at Westminster over Brexit and a likely general election, forecasters at the NIESR now put the chances of a recession at just 10pc after a much better than expected 0.3pc expansion for the UK economy during the month. Garry Young, director of macroeconomic modeling and forecasting, put the chances of a recession at one in ten after the "welcome… 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.
