Burton Mills: Britain’s Economic Growth to Remain Weak

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Burton Mills Britains Economic Growth to Remain
Weak
(1888 PressRelease) Burton Mills Economists
expect the UKs economy to grow at a rate well
behind its peers in the coming years. Burton
Mills British economic expansion will continue
to be slow over the next several years, falling
far behind the countrys peers, and could end up
being even further behind than economists
currently predict with most reporting that risks
to their forecasts are to the downside. These
recent findings by Taiwan-based Burton Mills are
in stark contrast to a survey published earlier
this year which indicated that economists were at
their most upbeat about economic performance in
Britain since the financial crisis. Instead of
falling into the mild recession predicted after
Britain voted to leave the European Union in the
EU referendum last year, the country was one of
the top performing developed economies for a
period of time. In 2017, however, the UKs
economy has fallen far behind its peers. Domestic
consumer spending, which fueled a considerable
part of early growth, is now suffering as price
increases far exceed salary increases. A Burton
Mills economist stated that, while price
pressures were expected to ease in the New Year,
British households will still experience a
decrease in spending power for quite some time as
salary growth remains tepid. The predicted
annual growth rate for the UK is significantly
less than that predicted for the euro zone
economy which over the 10 years, has
under-performed in comparison to the UK.
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According to a survey by Burton Mills, 60 percent
of economists polled stated that the risk to
their forecasts was to the downside. The UK is
due to depart from the European by the end of
March 2019 at which point two years of discussion
regarding the terms of the exit and future
relations will conclude. http//www.bizcitynews.c
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