U.K. Posts Slowest Growth in Six Years Amid Brexit Worries
Falling investment was largely responsible for the slowdown
The U.K. economy experienced its weakest growth in six years during 2018 as businesses slashed investment in the face of growing uncertainty about the way in which the country will leave the European Union.
The U.K. is scheduled to leave the bloc on March 29, but it is still unclear whether it will have a transition period that maintains the status quo while a new trade agreement is negotiated, or will immediately shift to a new regime of tariffs dictated by World Trade Organization rules.
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