UK economy stable amid Brexit risks

Added On February 11, 2018

A London-based economic think-tank said that the British economy continues to keep stable growth, as the Brexit uncertainties failing to blunt GDP expansion.
According to the National Institute of Economic and Social Research (NIESR), the British economy grew by 0.5 percent over the three months to January.
The think-tank said that British economic activity picked up in the second half of 2017 after a period of subdued growth in the first half of the year.
The recovery was driven by both the manufacturing and the service sectors, supported by a buoyant global economy, while construction output continued to lag.
It is estimated that British GDP growth would come very close to 2 percent this year.
Unemployment is now near a record low with jobs at a record high.
The think-tank also noted that it is uncertain if demand now outstrips supply, and the consequence could be inflationary wage pressures.