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 ↑|