Britain’s GDP Growth to Slow Down Beyond BOE’s Forecast: Deputy Gov Ramsden - Forex News by FX Leaders
No-deal Brexit worries

Britain’s GDP Growth to Slow Down Beyond BOE’s Forecast: Deputy Gov Ramsden

Posted Thursday, May 30, 2019 by
Arslan Butt • 1 min read

According to Bank of England Deputy Governor Dave Ramsden, economic growth in the UK could have slowed down to a greater extent than what was forecast by the Monetary Policy Committee in early May.

Weak growth in productivity and weaker than forecast investment risks could hamper Britain’s GDP growth. He also remarked that a sudden no-deal Brexit without any time for transition could have significant negative effects on the economy.

He maintained the opinion of the BOE on the issue of keeping interest rates on hold, adding that weak productivity growth could push inflation higher, offsetting any possible weakness in inflation as GDP falls lower.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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