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U.K. economy probably shrank for first time in seven years

The U.K. economy probably shrank for the first time since 2012 in the second quarter, according to Bloomberg’s latest survey of economists.

U.K. economy probably shrank for first time in seven years
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  • Shared by Bloomberg
  • July 10, 2019
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The prediction for a 0.1% contraction in the three months through June marks a downgrade from the previous poll, when economists only predicted stagnation. The forecast came as retail industry reported another drop in sales and said “the picture is bleak.”

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