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Europe & Russia Economic overview

March 2017

Political uncertainty threatens growth in Europe’s leading economies.

The UK’s GDP is forecast to grow by 1.6% this year, down from 1.8% in 2016. Growth is set to slow further next year, with the economy forecast to expand by just 1.0%. Uncertainty over its future trading relationship with the EU is weighing on the UK’s economic outlook. Rising inflation, which will hit consumption, and reduced business investment, caused by the uncertainty over Brexit, are also dampening the UK’s economic prospects for this year and next. Prime...