Yael Selfin, Chief Economist at KPMG UK comments on today's GDP figures.
“UK Economy unsteady in the face of Brexit impasse” says Yael Selfin, Chief Economist at KPMG UK:
“Prospects of a prolonged transition will exact a price on the economy and see it growing below its already reduced potential for some time, with falling business investment failing to lift the UK’s dismal productivity performance and long term growth.
“The erratic monthly GDP data highlights the vulnerable position of the economy, with February figures down after a relatively strong pick up in January.
”The continued uncertainty will take its toll on the UK economy and we expect growth for the next two years to be well below that of most G7 economies, despite the slowing growth momentum elsewhere.”
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