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This Article is From Aug 07, 2017

BOE GDP Forecast Cut May Need More Tweaks as Brexit Materializes

BOE GDP Forecast Cut May Need More Tweaks as Brexit Materializes

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(Bloomberg) -- The Bank of England's near-term economic growth outlook is looking a little less rosy, with the forecast for this year being cut yet again and the statement calling the expansion "sluggish." Remember, though, these predictions are based on the assumption of a "smooth" Brexit, so we could see still more revisions down the road if that situation changes.

For more analysis of this event, click here for our TOPLive blog

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net.

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Romaine Bostick at rbostick@bloomberg.net, Kristine Aquino

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