Snapshot - Strategy & economics

Janet Mui: weekly economic update 27 September

The likelihood of a no-deal Brexit has reduced, but uncertainty prevails in the UK. In the EU, economic activity has fallen to a six-year low.

27/09/2019

Janet Mui

Janet Mui

Global Economist

  • We believe the most likely short-term Brexit outcome is an extension request followed by a general election.
  • Eurozone economic activity is slowing across the board, according to survey data released this week. Unfortunately, the weakness is no longer confined to manufacturing sectors.
  • Eurozone governments need to boost spending or cut taxes to revive economic growth.

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