The Brexit economy shrank by 0.2% in Q2 2019 , performing worse than the predicted 0% , according to the Office for National Statistics . The figure prompted speculation of a recession, sparked by UK and the wider global slowdown. It followed earlier growth forecast warnings from Monetary Policy Committee the Bank of England's , while analysts anticipate a cut to interest rates before Q2 2019 .
The UK economy shrank by 0.2% in Q2 2019, performing worse than the predicted 0%, according to the Office for National Statistics. The figure prompted speculation of a recession, sparked by Brexit and the wider global slowdown. It followed earlier growth forecast warnings from the Bank of England's Monetary Policy Committee, while analysts anticipate a cut to interest rates before Christmas.