Morgan Stanley cuts UK’s 2025 GDP growth forecast to 0.9%

© Reuters. FILE PHOTO: A general view is seen of the London skyline from Canary Wharf in London, Britain, October 19, 2016. REUTERS/Hannah McKay/File Photo

(Reuters) – Morgan Stanley (NYSE:MS) on Monday cut its UK’s economic growth forecast to 0.9% for this year, citing a slowdown in Britain’s economy and signs of labour market weakness.

The brokerage had earlier projected the gross domestic product growth at 1.3%.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *