The Bank of England expects economic growth to flatten in the second quarter of 2019, which is worse than original projections of 0.2% growth. However, against the prevailing trend among G7 economies, the UK will hold on to its current interest rate levels.
In the first quarter of 2019, the UK economy grew by 0.5%.
The economic slowdown in the second quarter reflects a decelerating pace of construction, compounded by a sharp drop in car manufacturing. Up until March, various manufacturers stoc...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now