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.
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.”
Read more at Bloomberg.