UK Predicted to Avoid Recession Following the Brexit Vote
The UK is predicted to avoid a recession and the world Economy will stabilise according to economists at credit agency’s Moody’s.
Although markets dived on the referendum result in June, stock prices have recovered and now economists also believe the impact of the vote will be relatively modest, compared with some early fears.
The lower pound should support economic growth in the UK, Moody’s said, while the government is expected to loosen the purse strings to shore up GDP.
Moody’s economists predict growth of 1.5pc this year and 1.2pc in 2017. To read more please click here
This article was written by Tim Wallace for the Daily Telegraph.
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