• Monday, August 08, 2022

Business

UK Likely To Witness Modest Growth If Positive Brexit Deal Reached: KPMG

The UK economy is expected to witness a modest growth if a positive Brexit deal can be reached with the EU, according to KPMG.

By: Radhakrishna N S

The UK economy is expected to witness a modest growth if a positive Brexit deal can be reached with the EU, according to KPMG quarterly Economic Outlook Report. KPMG opines that UK GDP will grow by 1.3 per cent in 2018 and 1.4 per cent in 2019. This will mark the lowest rate of growth since 2008 and 2009. These figures are based on an assumption that the UK government will achieve a relatively friction-free Brexit and transition deal. If a disorderly Brexit were to occur, KPMG predicts a rapid slowing of growth to 0.6 per cent in 2019 and…

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