British economy slows down sharply amid acute Brexit unease

Associated Press |

LONDON (AP) — Official figures show that the British economy slowed sharply in the last three months of 2018 as uncertainties over Brexit intensified.

The Office for National Statistics said Monday that the British economy grew by a quarterly rate of only 0.2 percent during the fourth quarter, down from the 0.6 percent tick recorded in the previous three-month period.

Over 2018 as a whole, the British economy grew by 1.4 percent, its lowest rate since 2009 and the aftermath of the global financial crisis.

The British economy has largely held up better than many people expected in the immediate aftermath of the country's vote to leave the European Union in .

However, there's mounting evidence that as Brexit day draws nearer — — firms are getting increasingly edgy.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments


Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

World Economic Forum at Davos 2019 - Dr Oliver Krause Founder Untitled Inc Part 1

Matt Bird sits down with Dr Oliver Krause, Founder Untitled Inc, in part 1 of this 2 part interview at the World Economic Forum at Davos 2019

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.