‘Brexit is a disaster’ – experts debate the latest economic data
The Office for National Statistics has now confirmed that GDP growth in the UK in the first quarter of 2018 was 0.1%. We have comparable data for 19 other EU countries, all of which – other than Romania – grew a lot faster. Austria grew at 0.7%, Belgium 0.4%, Denmark 0.3%, Finland 1.1%, France 0.3%, Germany 0.3%, Italy 0.3%, the Netherlands 0.5% and Spain 0.7%, many of which also had bad weather.
A major concern is that business investment decreased by 0.2% between the final three months of 2017 and the first quarter. Firms are not going to invest when they have no idea what form Brexit will take and not least what will happen in relation to the Irish border.
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Source:BBC
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