Originally posted by AtW
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Previously on "Growth slumps to lowest in two years as businesses panic over Brexit"
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Originally posted by Old Greg View PostThat is because Brexit hasn't happened yet. As soon as it does, the economy will experience a jam, tea and biscuit led export boom. The Tory Brexiteers have said it so it is the patriotic truth.
The messiah will come.... just keep waiting at the gates of Jerusalem...
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Originally posted by AtW View PostThe economy risks grinding to a halt as Brexit panic grips businesses, with new data showing activity slowed sharply in November.
GDP growth could be slashed to just 0.1pc in the final quarter of the year as a result, tumbling from 0.6pc in the previous three months.
The purchasing managers’ index (PMI) from IHS Markit slowed to 50.4 last month, down from 52.2 in October to the worst score since the aftermath of the referendum in 2016. Any score above 50 indicates growth, so this suggests stagnation across the biggest part of the economy.
Economists had expected the PMI to rise to 52.7 in a modest acceleration of growth.
Growth slumps to lowest in two years as businesses panic over Brexit
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Growth slumps to lowest in two years as businesses panic over Brexit
The economy risks grinding to a halt as Brexit panic grips businesses, with new data showing activity slowed sharply in November.
GDP growth could be slashed to just 0.1pc in the final quarter of the year as a result, tumbling from 0.6pc in the previous three months.
The purchasing managers’ index (PMI) from IHS Markit slowed to 50.4 last month, down from 52.2 in October to the worst score since the aftermath of the referendum in 2016. Any score above 50 indicates growth, so this suggests stagnation across the biggest part of the economy.
Economists had expected the PMI to rise to 52.7 in a modest acceleration of growth.
Growth slumps to lowest in two years as businesses panic over BrexitTags: None
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