UK GDP report to show Brexit summer slowdown – business live

Rolling coverage of the latest economic and financial news

9.16am BST

Despite worries about the global economy, investors are
pushing stock markets higher this morning.

Beijing can take the credit. Over the weekend, China’s central
bank launched a new stimulus package of cheap loans, to protect its
companies from the latest US tariffs.

9.06am BST

The UK isn’t alone in suffering weak
growth
.

The eurozone only expanded by 0.2% in April-June, Germany may be
falling into recession, and the US-China trade war is causing
turbulence worldwide.

31 out of 36 OECD countries have reported
GDP figures for Q2 2019. Hungary top of the table (5.2%y/y) with
Turkey at the bottom (-1.4%y/y). US top of the G7 (2.3%y/y) with
Germany (0.4%y/y) & Italy (-0.1%y/y) at the bottom. UK’s
1.2%y/y puts just behind France (1.4%y/y). pic.twitter.com/dJMydilgyU

Source: FS – All-News2-Economy
UK GDP report to show Brexit summer slowdown – business live