Janet Mui: weekly economic update 27 September
The likelihood of a no-deal Brexit has reduced, but uncertainty prevails in the UK. In the EU, economic activity has fallen to a six-year low.
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- We believe the most likely short-term Brexit outcome is an extension request followed by a general election.
- Eurozone economic activity is slowing across the board, according to survey data released this week. Unfortunately, the weakness is no longer confined to manufacturing sectors.
- Eurozone governments need to boost spending or cut taxes to revive economic growth.
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